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Dollar General

$1,000,000

405 South Michigan Avenue, Saginaw, MI 48602

Active
Last Updated: 06/29/2026

7.8

Cap Rate

78,045

NOI

Details:
Cap Rate:    7.8%
NOI:    $78,045
Building Size:    9,632 sqft
Lot Area:    0.77 acres
Occupancy:    100%
Year Built:    1948
Floors:    1
Highlights:
  • 9,632 SF Free-Standing Dollar General Situated on 0.77 Acres
  • Proven Long-Term Operating History | Dollar General Has Successfully Occupied This Location Since 2011 Demonstrating Commitment To The Location
  • Double "NN" Net Lease | Minimal LL Responsibilities
  • Corporate Lease Guarantee from Dollar General (NYSE: DG) | Investment Grade Tenant | S&P Rating: BBB
  • Property Renovated to Dollar General’s Specifications in 2012 & 2021
  • Strong Traffic Corridor | Located along S Michigan Ave w/ Traffic Counts Exceeding 16,000 VPD
  • Dense Consumer Base | 107,121 residents within a 5-mile radius | Demographics Well-Aligned with Dollar General’s Core Customer Base
  • Recession-Resilient Retailer | Dollar General Remains One of The Most Durable Discount Retail Concepts
Description:

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Saginaw, Michigan is a regional economic hub located in the central portion of the state along the I-75 corridor, approximately 100 miles north of Detroit and 20 miles from the shores of Lake Huron. The city is part of the larger Great Lakes Bay Region, which also includes Bay City and Midland, creating a combined regional population of more than 400,000 residents. Saginaw benefits from strong regional connectivity through Interstate 75, Interstate 675, and M-46, providing convenient access to major Michigan markets and facilitating the movement of goods and commuters throughout the region.

Historically rooted in manufacturing, Saginaw has evolved into a diversified economy supported by healthcare, education, advanced manufacturing, and logistics. Major employers in the area include Covenant HealthCare, Nexteer Automotive, and Saginaw Valley State University, which serves as a key educational and economic driver for the region. The city also serves as a retail and service center for surrounding communities, drawing consistent consumer traffic from across Saginaw County and neighboring counties. With ongoing regional investment, accessible transportation infrastructure, and a stable employment base, Saginaw continues to provide a strategic location for commercial businesses serving the broader Mid-Michigan market.

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