8336 Mill St - Retail FOR SALE


Vanderbilt, MI 49795
$1,992,803 USD
734-755-6359
8336 Mill St, Vanderbilt, MI for Sale
$1,992,803 USD
Retail - FOR SALE
1/5
null | 6.6% Cap Rate

8336 Mill St
Vanderbilt, MI 49795


HIGHLIGHTS

  • 2026 BTS Construction | Opening in April
  • Just off the I-75 Exit | 10,295 Cars Per Day
  • Corner Location | 3,006 Cars Per Day
  • 2 Points of Ingres/Egress - Accessible from Both Streets
  • 5% Rental Rate Increases Every 5 Years
  • Only 15 Minute Drive to the Popular Treetops Golf & Ski Resort

OVERVIEW

Fortis Net Lease is pleased to present this 2026 BTS Dollar General store located in Vanderbilt, 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 is currently under construction with opening & rent start on track for April 2026. This Dollar General is highly visible as it is strategically positioned off of the I-75 Exit (seeing 10,295 cars per day) on the corner of Mill Street (seeing 3,006 cars per day) and Yuill Road. There are 2 points of egress/ingress and the store is accessible from both streets. The 10 mile population from the site is 14,395 and the 3 mile average household income is $66,871 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 6.60% cap rate based on NOI of $131,525.

FOR SALE DETAILS

PRICE

$1,992,803 USD

PRICE/SF

$219 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

Commercial

APN/PARCEL ID

045-022-000-070-00

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.