6067 Jennings Rd - Freestanding FOR SALE


Lake City, MI 49651
$415,216 USD
248-762-4318
6067 Jennings Rd, Lake City, MI for Sale
$415,216 USD
Freestanding - FOR SALE
1/3
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
  • NNN 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
  • Cross-Streets Route 66 & W Jennings Rd

OVERVIEW

This freestanding Dollar General store is part of a 7-property NNN 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 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 Mid-Michigan 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 NAME

Dollar General - Lake City

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 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.