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Ellsworth, MI - Dollar General

$1,280,000

9643 Lake St., Ellsworth, MI 49729

Active
Last Updated: 12/03/2025

7.03

Cap Rate

90,000

NOI

Details:
Cap Rate:    7.03%
NOI:    $90,000
Building Size:    9,100 sqft
Lot Area:    2.88 acres
Occupancy:    100%
Year Built:    2020
Zoning:    R-2: General Residential
Description:

• 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

• The asset is in an area with limited competition making it an ideal convenience store for travelers and locals alike
• The site is in close proximity to Ellsworth Community School (230 students), further increasing consumer traffic to the site

Map:
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