Dollar General NNN Property For Sale — Gaylord, MI
10464 Old 27 S., Gaylord, MI 49735
This Dollar General Plus store, constructed in 2025, features a new 15-year Absolute NNN Lease, offering zero landlord responsibilities. The lease includes attractive 5% rental rate increases every five years, continuing through each of the five remaining 5-year options. The lease is backed by a corporate guaranty from Dollar General Corporation, holding an Investment Grade credit rating of “BBB”. This strategically located property sits off Old US Highway 27 S in Gaylord, Michigan, an area with limited competition, as the nearest dollar store is over seven miles away. The location benefits from a robust 10-mile population of 14,950 and a strong 3-mile average household income of $72,196. The area is experiencing significant growth, with a 3-mile population growth rate of 9.16%. This offe…
- Address: 10464 Old 27 S., Gaylord, MI 49735
- Asking price $2.30M
- 6.70% cap rate
- NOI $154,335
- 15 years remaining
- NNN lease
Asset type: Retail