9643 Lake St - Supermarket FOR SALE


Ellsworth, MI 49729
$1,280,000 USD
202-286-1542
9643 Lake St, Ellsworth, MI for Sale
$1,280,000 USD
Supermarket - FOR SALE
1/6
null | 7.03% Cap Rate

9643 Lake St
Ellsworth, MI 49729


HIGHLIGHTS

  • 9+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed
  • Absolute NNN | Fee Simple Ownership | No Landlord Responsibilities
  • Limited Competition | Ellsworth Community School
  • Located Along Lake St | Excellent Visibility
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• Dollar General has operated at this location for 5 years and has 9+ years remaining on their current lease with 5 (5-year) options to extend • The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation • The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,740 location as of August 2025

FOR SALE DETAILS

PRICE

$1,280,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

7.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | 9+yrs Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.88 AC

LAND SF

125,453 SF

ZONING

R-2

APN/PARCEL ID

05-44-013-038-01

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.