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Dollar General | 9+yrs Abs NNN w/ Incrs 9643 Lake St 9,100 SF Retail Building Ellsworth, MI 49729 $1,786,778 CAD ($196.35 CAD/SF) 7.03% Cap Rate
INVESTMENT HIGHLIGHTS
- 9+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed
- Limited Competition | Ellsworth Community School
- Strong Demographics in 5-mile Trade Area
- Absolute NNN | Fee Simple Ownership | No Landlord Responsibilities
- Located Along Lake St | Excellent Visibility
EXECUTIVE SUMMARY
• Dollar General has operated at this location for 5 years and has 9+ years remaining on their current lease with 5 (5-year) options to extend
• The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,740 location as of August 2025
• The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,740 location as of August 2025
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2020
Price
$1,786,778 CAD
Price Per SF
$196.35 CAD
Cap Rate
7.03%
NOI
$125,633 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.88 AC
Zoning
R-2 - General Residential
Parking
30 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
446’ on Lake Street
AMENITIES
- Signage
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 05-44-013-038-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $445,213 CAD |
PROPERTY TAXES
Parcel Number
05-44-013-038-01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$445,213 CAD
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Dollar General | 9+yrs Abs NNN w/ Incrs | 9643 Lake St
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