7519 E Michigan Ave - Retail FOR SALE


Jackson, MI 49201
$2,220,150 USD
734-755-6359
7519 E Michigan Ave, Jackson, MI for Sale
$2,220,150 USD
Retail - FOR SALE
1/4
null | 6.65% Cap Rate

7519 E Michigan Ave
Jackson, MI 49201


HIGHLIGHTS

  • Zero Landlord Responsibilities
  • 2025 BTS Plus Size Construction | Now Open!
  • Corner Location | 3,639 Cars Per Day
  • 5% Rental Rate Increases Every 5 Years!
  • 1 Mile Household Income $84,775
  • 5 Mile Population 29,969 | The Only Dollar Store Serving This Community!

OVERVIEW

Net Lease is pleased to present this 2025 BTS 10,640 SF. Dollar General Plus store located in Jackson, Michigan. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate 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 has completed construction and successfully opened for business in July 2025! This Dollar General is highly visible as it is strategically positioned on the corner of Eastland Street & Michigan Avenue which sees 3,639 cars per day. This is the only dollar store serving the community! The 5 mile population from the site is 29,969 and the 1 mile average household income is $84,775 per year, making this location ideal for a Dollar General. 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 dollar store. List price reflects a 6.65% cap rate based on NOI of $147,640.

FOR SALE DETAILS

PRICE

$2,220,150 USD

PRICE/SF

$209 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

Commercial

APN/PARCEL ID

000-09-34-476-009-00

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.