57 N Caseville Rd - Freestanding FOR SALE


Pigeon, MI 48755
$861,000 USD
715-505-1200
57 N Caseville Rd, Pigeon, MI for Sale
$861,000 USD
Freestanding - FOR SALE
1/26
null | 7.25% Cap Rate

57 N Caseville Rd
Pigeon, MI 48755


HIGHLIGHTS

  • Long-Term Lease with Longevity and Renewal Optionality
  • Dominant Presence in a Primary Retail Corridor
  • Core Small-Town Demographics with Rural Catchment Dynamics
  • Regional Role as a Rural Service Center
  • Low Overhead and Passive Ownership Profile
  • Strategic Rural Retail Exposure with Limited Competition

OVERVIEW

The property is leased to Dollar General, a leading discount retailer with a creditworthy national footprint spanning over 18,000 stores, delivering essential goods and everyday value to rural and suburban markets. The lease includes a 15% rent increase in June 2028 and 10% rent escalations every five years thereafter, providing built-in, long-term income growth and inflation protection for investors.

FOR SALE DETAILS

PRICE

$861,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

7.25%

% 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

2006

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

C-1

APN/PARCEL ID

36-003-004-60

ASK ABOUT THIS PROPERTY

Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

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Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

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