AMC Real Estate Investment Services is pleased to present a single tenant Dollar General in Marcellus, Michigan, leased to Dollar General (NYSE: DG), an investment grade (S&P: BBB) discount retailer. The 9,014 SF store was built in 2005, remodeled in 2018, and sits on an oversized 1.53-acre hard corner. Dollar General has operated at this location for 20 years, giving the offering both durable credit and a proven store history.
The NN lease runs through September 30, 2030, with roughly four years remaining. The tenant covers taxes, insurance, snow removal, and a fixed CAM allowance, while ownership maintains structure, roof, and HVAC replacement. Rent has stepped up 10% at every five-year interval and the tenant has exercised all three options at the full contractual increase, producing $73,788 in current NOI.
The hard corner delivers strong visibility and easy access along W Main Street at 4,737 vehicles per day, with parking well in excess of what the store requires and surplus land for future flexibility. It is the only Dollar General in Marcellus and ranks in the 86th percentile statewide. Portage sits 23 miles north in the Kalamazoo MSA, and a local economy spanning agriculture, manufacturing, healthcare, and education supports steady necessity driven demand.