6850 Main St, Caseville, MI 48725

Fortis Net Lease is pleased to present this 9,014 SF Dollar General store located in Caseville, MI. The tenant recently extended the NNN lease for 7 years and 5 months back on January 1st, 2021. There are limited landlord responsibilities and the lease is corporately guaranteed by Dollar General which holds a credit rating of “BBB”, and is classified as Investment Grade. Placer.AI estimates that this locations does just over $2.1 million in sales annually making it a top 3 store in the county. The rent to sales ratio is very, very healthy at less than 3%. Seller replaced both HVAC units in 2023 at a cost of $40,000. This Dollar General is highly visible as it is strategically positioned on Main Street, which is the main artery of Caseville located directly though the central business district. The ten-mile population is 8,508 residents while the ten-mile average household income is $39,999 per year, making this location ideal for a Dollar General. The subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.