3424 Southside Ln - Freestanding FOR SALE


Hamilton, MI 49419
$662,134 USD
248-801-0049
3424 Southside Ln, Hamilton, MI for Sale
$662,134 USD
Freestanding - FOR SALE
1/2
null | 8.5% Cap Rate

3424 Southside Ln
Hamilton, MI 49419


HIGHLIGHTS

  • Freestanding 8,125 SF building on a 1-acre lot with 33 surface parking spaces
  • NN+ Corporate Lease with 4–5 years remaining and minimal landlord responsibilities
  • Attractive Cap Rate with stable NOI and strong rent performance
  • Strategic West Michigan Location near high-traffic M40 corridor (17,000+ VPD)
  • Part of a 7-building Dollar General Portfolio

OVERVIEW

This freestanding Dollar General store is part of a 7-property NN+ leased portfolio and is located in suburban Allegan County, MI. The 8,125 SF building sits on a 1.00-acre lot with 33 surface parking spaces and 68 feet of frontage on Southside Lane, offering strong visibility near Lincoln Road (M-40), which sees over 17,000 vehicles per day. The property is 100% leased to Dollar General under a corporate-guaranteed NN+ lease with minimal landlord responsibilities and 4–5 years remaining on the term. With a low vacancy submarket, above-average household income, and stable retail demand, this property offers investors long-term income stability in a strategic West Michigan location. This Dollar General is located in the heart of suburban Allegan County, within the West Michigan market and part of the Holland, MI CBSA and the Grand Rapids–Kalamazoo– Battle Creek DMA. The site enjoys strong visibility with 68 feet of frontage on Southside Lane, just off Lincoln Road (M-40)—a major regional thoroughfare with daily traffic volumes exceeding 17,000 vehicles. Surrounded by a mix of residential neighborhoods and local commercial developments, the property is positioned to capture steady retail demand. The area features above-average household incomes and a strong consumer base, with low vacancy rates and healthy market rents. Despite being a suburban setting, it remains highly car-dependent, in line with Dollar General’s target customer profile. Additionally, the site is approximately 40 miles from Gerald R. Ford International Airport, supporting regional accessibility.

FOR SALE DETAILS

PRICE

$662,134 USD

PRICE/SF

$81 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C1

APN/PARCEL ID

09-006-119-20

ASK ABOUT THIS PROPERTY

Alexa VeneziaP.A. Commercial, LLCMore Info
248-801-0049

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Alexa VeneziaP.A. Commercial, LLCMore Info
248-801-0049

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