2463 Marshall Rd - Retail FOR SALE


Honor, MI 49640
$2,299,200 USD
734-755-6359
2463 Marshall Rd, Honor, MI for Sale
$2,299,200 USD
Retail - FOR SALE
1/5
null | 6.5% Cap Rate

2463 Marshall Rd
Honor, MI 49640


HIGHLIGHTS

  • 2026 BTS Plus Size Construction | Just Opened
  • Corner Location | 8,136 Cars Per Day
  • 5% Rental Rate Increases Every 5 Years
  • 3 Mile Household Income $96,709
  • 10 Mile Population 13,727 | Expected 5.14%
  • Close Proximity to Popular Attractions: Crystal Mountain Ski Resort, Sleeping Bear Dunes National Lake Shore, & Many Hiking & Biking Trails

OVERVIEW

Fortis Net Lease is pleased to present this 2026 BTS Dollar General Plus store located in Honor, Michigan - close to many popular northern Michigan attractions. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store just completed construction & successfully opened for business in February 2026! This Dollar General is highly visible as it is strategically positioned on the corner of N Marshall Road & Highway 31 seeing 8,136 cars per day. The 10 mile population from the site is 13,727 and the 3 mile average household income is $96,709 per year, making this location ideal for a Dollar General. This area is also seeing great growth in population. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.50% cap rate based on NOI of $149,448.

FOR SALE DETAILS

PRICE

$2,299,200 USD

PRICE/SF

$216 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

Commercial

APN/PARCEL ID

07-008-039-00

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bryan BenderFortis Net LeaseMore Info
734-755-6359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.