Ellsworth, MI - Dollar General
$1,280,000
9643 Lake St., Ellsworth, MI 49729
7.03
Cap Rate
90,000
NOI
Details:
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
Location
Gallery