5866 M 65 - Retail FOR SALE


Hale, MI 48739
$2,044,444 USD
734-755-6359
5866 M 65, Hale, MI for Sale
$2,044,444 USD
Retail - FOR SALE
1/3
null | 6.75% Cap Rate

5866 M 65
Hale, MI 48739


HIGHLIGHTS

  • Zero Landlord Responsibilities | NOW OPEN!
  • 5% RENT INCREASES EVERY 5 YEARS!!
  • Popular Tourist Area | Summer & Winter Activities
  • 2025 BTS Plus Size Construction
  • Five Mile Population Growth Rate 6.26%
  • Brand New 15 Year Absolute NNN Lease

OVERVIEW

Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General Plus store located in Hale, Michigan. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent 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 completed construction and successfully opened for business in February 2025. This Dollar General plus is highly visible as it is strategically positioned off of M-65 which sees 2,864 cars per day. The 10 mile population from the site is 7,981 while the 3 mile average household income is $43,635 per year, making this location ideal for a Dollar General. This area is seeing excellent growth with the 5 mile population growth rate at 6.26%. 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 small box discount retailer. List price reflects a 6.65% cap rate based on the initial NOI of $138,000.

FOR SALE DETAILS

PRICE

$2,044,444 USD

PRICE/SF

$192 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

-

APN/PARCEL ID

07202620002450

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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