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Dollar General - Lake City 6067 Jennings Rd 8,375 SF Retail Building Lake City, MI 49651 $575,037 CAD ($68.66 CAD/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding 8,125 SF building on a 0.75-acre lot with 40 surface parking spaces
- Attractive Cap Rate with stable NOI and strong rent performance
- Part of a 7-building Dollar General Portfolio
- NNN Corporate Lease with 4–5 years remaining and minimal landlord responsibilities
- Strategic Mid-Michigan Location w/ daily traffic counts of 10,000 VPD
- Cross-Streets Route 66 & W Jennings Rd
EXECUTIVE SUMMARY
This freestanding Dollar General store is part of a 7-property NNN leased portfolio and is located in suburban Missaukee County, MI. The 8,125 SF building sits on a 0.75-acre lot with 40 surface parking spaces and 54 feet of frontage on W Jennings Rd, offering strong visibility, which sees over 10,000 vehicles per day. The property is 100% leased to Dollar General under a corporate-guaranteed NNN lease with minimal landlord responsibilities and 4.5 years remaining on the term. With a low vacancy submarket, above-average household income, and stable retail demand, this property offers investors long-term income stability in a strategic Mid-Michigan location.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,375 SF
Building Class
C
Year Built
1976
Price
$575,037 CAD
Price Per SF
$68.66 CAD
Cap Rate
10%
NOI
$57,504 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.75 AC
Zoning
C - Commercial
Parking
40 Spaces (4.78 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 009-013-004-90 | Improvements Assessment | $390,929 CAD |
| Land Assessment | $9,531 CAD | Total Assessment | $400,460 CAD |
PROPERTY TAXES
Parcel Number
009-013-004-90
Land Assessment
$9,531 CAD
Improvements Assessment
$390,929 CAD
Total Assessment
$400,460 CAD
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Dollar General - Lake City | 6067 Jennings Rd
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