Relocation Dollar General Market | Rent Increases!

$2,340,741

224 West State Street, Belding, MI 48809

For Sale

Retail Unknown Sub Type

Active

Last Updated: 07/14/2025

Details:

Cap Rate: 6.75%

NOI: $158,000

Building Size: 12,480 sqft

Lot Area: 2.82 acres

Lease Type: Absolute Net

Year Built: 2025

Price Per Sqft: $187.56

Offered by

Bryan Bender

Partner & Managing Director

Fortis Net Lease

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Highlights:

RELOCATION STORE | Proven Success in this Market!!
Brand New 15 Year Absolute NNN Lease
Zero Landlord Responsibilities | NOW OPEN
Dollar General Market | Produce and Fresh Meats
5% RENT INCREASES EVERY 5 YEARS!!
On Main Thoroughfare Seeing 9,055 Cars Per Day
2025 BTS Construction | Supersized Market Prototype
5 (5 Year) Options | 5% Increases At Each Option
Three Mile Household Income $62,118
Ten Mile Population 43,916
Investment Grade Dollar Store With "BBB" Credit Rating
Corporate Guaranty | 20,500 Stores in the US

Description:

Fortis Net Lease is pleased to present this brand new 12,480 SF RELOCATION Dollar General Market store located in Belding, Michigan. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent 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 completed construction and successfully opened for business in July 2025.

This Dollar General Market is highly visible as it is strategically positioned off of W State Street seeing 9,055 cars per day. It sits surrounded by residential homes on the main thoroughfare through town. The 10 mile population from the site is 43,916 and the 3 mile average household income is $62,118 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 small box discount retailer. List price reflects a 6.75% cap rate based on NOI of $158,000.