395 E South Ave - Retail FOR SALE


Hesperia, MI 49421
$779,310 USD
248-762-4318
395 E South Ave, Hesperia, MI for Sale
$779,310 USD
Retail - FOR SALE
1/3
null | 8.5% Cap Rate

395 E South Ave
Hesperia, MI 49421


HIGHLIGHTS

  • Freestanding 9,014 SF building on a 1.04- acre lot with 35 surface parking spaces
  • NNN Corporate Lease with 4.25 years remaining and minimal landlord responsibilities
  • Strategic West Michigan Location near high- traffic M-20 corridor (4,667+ VPD)
  • Part of a 7-building Dollar General Portfolio
  • Rated 85% by Placer AI in a 15 mile radius

OVERVIEW

This freestanding Dollar General store is part of a 7-property NNN leased portfolio and is located in Newaygo County, MI. The 9,014 SF building sits on a 1.04- acre lot with 35 surface parking spaces and sees over 4,667 vehicles per day (VPD). The property is 100% leased to Dollar General under a corporate-guaranteed NNN 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. PLACER AI NUMBER • 120,600 annually visits • $1.7 million in annual sales • Within in 15 mile radius this site is ranked 85%

FOR SALE DETAILS

PRICE

$779,310 USD

PRICE/SF

$86 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Hesperia

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

LOCAL ZONE

APN/PARCEL ID

09-30-300-014

ASK ABOUT THIS PROPERTY

Alexa VeneziaStonepoint CREMore Info
248-762-4318

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Alexa VeneziaStonepoint CREMore Info
248-762-4318

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