830 S Chestnut St - Retail FOR SALE


Reed City, MI 49677
$2,595,359 USD
734-755-6359
830 S Chestnut St, Reed City, MI for Sale
$2,595,359 USD
Retail - FOR SALE
1/4
null | 6.55% Cap Rate

830 S Chestnut St
Reed City, MI 49677


HIGHLIGHTS

  • Brand New 15 Year Absolute NNN Lease
  • Zero Landlord Responsibilities
  • Dollar General Market | Produce and Fresh Meats
  • 5% RENT INCREASES EVERY 5 YEARS!!
  • 2025 BTS Construction | Market Plus Size Prototype
  • Seeing 5,138 Cars Per Day

OVERVIEW

Fortis Net Lease is pleased to present this brand new 10,640 SF Dollar General Market store located in Reed City, Michigan. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. 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 has completed construction and has been open & operating successfully since October 2025. This Dollar General Market is highly visible as it is strategically positioned on S Chestnut Street seeing 5,138 cars per day. It sits surrounded across from the Reed City Middle School and down the street from the Yoplait factory - a major retailer in the area. The 10 mile population from the site is 14,434 while the 3 mile average household income is $68,362 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 small box discount retailer. List price reflects a 6.55% cap rate based on NOI of $169,996.

FOR SALE DETAILS

PRICE

$2,595,359 USD

PRICE/SF

$244 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.23 AC

LAND SF

140,699 SF

ZONING

Commercial

APN/PARCEL ID

52-016-050-00

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 Notice.