Dollar General 2960 W Coleman Rd 10,566 SF Retail Building Farwell, MI 48622 $2,864,283 CAD ($271.08 CAD/SF) 6.75% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General property located in Farwell, Michigan. The property features new construction that was completed in July 2025. The lease term is 15 years and features 5% rental escalations throughout the primary term and five 5-year renewal options. The lease is absolute triple net presenting no landlord responsibilities. Dollar General is an investment grade tenant, holding a BBB rating from Standard & Poor’s.
The 10,566-square-foot building is situated at the northeast corner of North Winn Road and West Coleman Road. This property stands out as the only dollar store within a 10-mile radius. It is also located less than 18 miles northwest of Mount Pleasant, Michigan, home to Central Michigan University, which has an enrollment of 15,000 students. The area boasts a population of over 23,000 people within a 10-mile radius, with an average household income exceeding $79,000.
Dollar General Corporation (NYSE: DG), headquartered in Goodlettsville, Tennessee, is a leading American discount retailer with a vast network of over 20,000 stores across 48 U.S. states and Mexico as of early 2024. Founded in 1939, the company has established itself as a cornerstone in rural and underserved communities by offering a broad assortment of affordable products, including household essentials, food, health and beauty aids, apparel, and seasonal items. Dollar General’s expansive retail footprint is supported by a robust distribution network, ensuring efficient product delivery and inventory management.