6067 Jennings Rd - Freestanding FOR SALE


Lake City, MI 49651
$415,216 USD
248-801-0049
6067 Jennings Rd, Lake City, MI for Sale
$415,216 USD
Freestanding - FOR SALE
1/2
null | 10% Cap Rate

6067 Jennings Rd
Lake City, MI 49651


HIGHLIGHTS

  • Freestanding 8,125 SF building on a 0.75-acre lot with 40 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 Mid-Michigan Location w/ daily traffic counts of 10,000 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 Missaukee County, MI. The 8,125 SF building sits on a 0.75-acre lot with 40 surface parking spaces and 54 feet of frontage on W Jennings Rd, offering strong visibility, which sees over 10,000 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 Mid-Michigan location. This Dollar General store is strategically positioned in Lake City, MI—a rural community in Missaukee County—within the Cadillac, MI CBSA and the Traverse City-Cadillac DMA. The site offers excellent visibility with 54 feet of frontage on S Morey Road and convenient access via a dedicated curb cut. Surrounded by a mix of residential neighborhoods and local businesses, the property benefits from a daily traffic volume of over 10,000 vehicles on nearby S Morey Rd and M-55/M66. The area demonstrates stable demographics with modest population and household growth projected through 2029. With a Walk Score of 9, this car dependent area caters well to Dollar General's value-oriented customer base, making it a reliable long-term retail location.

FOR SALE DETAILS

PRICE

$415,216 USD

PRICE/SF

$50 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,605 SF

ZONING

Commercial

APN/PARCEL ID

009-013-004-90

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.