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4668 W Grand River Rd
Webberville, MI 48892
Dollar General · Retail Property For Sale
Investment Highlights
- Investment Grade Tenant (BBB Rated) – Leased to Dollar General, one of the nation's largest discount retailers with a proven operating history
- No Renewal Concessions Granted – Tenant exercised its option without receiving rent concessions, tenant improvement allowances, or landlord incentives
- Below-Market Rent Basis – Current Dollar General rent equates to approximately $5.42 PSF, providing a competitive occupancy cost
- 16+ Years of Occupancy – Dollar General has successfully operated at this location since 2010 and recently exercised its second renewal option in 2026
- Value-Add Opportunity Through Lease-Up – Approximately 4,500 SF of adjacent vacant space provides an opportunity to create additional income
- Priced Below Replacement Cost – Opportunity to acquire the asset at a basis significantly below the cost to develop a comparable property today
Executive Summary
Investment Grade Tenant (BBB Rated) – Leased to Dollar General, one of the nation's largest discount retailers with a proven operating history and strong credit profile
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,500 SF
Building Class
C
Year Built
1968
Price
$1,191,280 CAD
Price Per SF
$82.16 CAD
Cap Rate
8.24%
NOI
$98,161 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
3.19 AC
Zoning
Commercial
Parking
102 Spaces (7.03 Spaces per 1,000 SF Leased)
Frontage
222’ on E Grand River Ave
Property Taxes
| Parcel Number | 43-08-11-100-025 | Improvements Assessment | $422,408 CAD |
| Land Assessment | $54,959 CAD | Total Assessment | $477,367 CAD |
Property Taxes
Parcel Number
43-08-11-100-025
Land Assessment
$54,959 CAD
Improvements Assessment
$422,408 CAD
Total Assessment
$477,367 CAD
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