Dollar General NNN Property For Sale — Honor, MI
2463 N Marshall Road, Honor, MI 49640
This newly constructed Dollar General Plus store, completed in 2026, offers an exceptional investment opportunity in Honor, Michigan. The property features a brand new 15-year Absolute NNN Lease, ensuring zero landlord responsibilities. The lease includes attractive 5% rental rate increases every 5 years, extending through the initial term and each of the five 5-year renewal options. The lease is further strengthened by a corporate guaranty from Dollar General Corporation, boasting an investment-grade credit rating of 'BBB'. Strategically located on a prominent corner at N Marshall Road and Highway 31, the property benefits from excellent visibility and daily traffic counts of approximately 8,136 vehicles. The surrounding area within a 10-mile radius has a population of 13,727, and the 3-…
- Address: 2463 N Marshall Road, Honor, MI 49640
- Asking price $2.30M
- 6.50% cap rate
- NOI $149,448
- 15 years remaining
- NNN lease
Asset type: Retail