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Dollar General 57 N Caseville Rd 9,014 SF Retail Building Pigeon, MI 48755 $1,177,185 CAD ($130.60 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Long-Term Lease with Longevity and Renewal Optionality
- Core Small-Town Demographics with Rural Catchment Dynamics
- Low Overhead and Passive Ownership Profile
- Dominant Presence in a Primary Retail Corridor
- Regional Role as a Rural Service Center
- Strategic Rural Retail Exposure with Limited Competition
Executive Summary
The property is leased to Dollar General, a leading discount retailer with a creditworthy national footprint spanning over 18,000 stores, delivering essential goods and everyday value to rural and suburban markets. The lease includes a 15% rent increase in June 2028 and 10% rent escalations every five years thereafter, providing built-in, long-term income growth and inflation protection for investors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
C
Year Built
2006
Price
$1,177,185 CAD
Price Per SF
$130.60 CAD
Cap Rate
7.25%
NOI
$85,315 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.78 AC
Zoning
C-1 - Commercial
Parking
36 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
164’ on Caseville
Amenities
- Signage
Property Taxes
| Parcel Number | 36-003-004-60 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $235,359 CAD |
Property Taxes
Parcel Number
36-003-004-60
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$235,359 CAD
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Dollar General | 57 N Caseville Rd
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