Family Dollar/Dollar Tree Combo Store
Retail | 8.25% CAP
Marketing description
AQRE Advisors is pleased to present for sale the Family Dollar/Dollar Tree Combo Store, a ±10,500 SF retail property located at 315 N Main St, Olivet, MI 49076 (“Property”). Situated on 1.76 acres of land, the Property is fully leased to Family Dollar/Dollar Tree, offering investors a stable, income-generating asset backed by a nationally recognized tenant.
Olivet is a small village in Eaton County with a welcoming small-town character and easy access to the regional hub of Lansing. The community blends residential, institutional (with a college presence), and light commercial uses, making it a viable location for essential retail with stable regional support.
Investment highlights
New Construction: Brand-new 2024 build minimizes nearterm maintenance and capital expenditure risk.
New 10-Year Corporate Lease: Lease commenced October 2024, providing investors with a fresh full-term lease and long-term income stability.
Minimal Landlord Responsibilities: NN lease structure with landlord responsible only for roof, structure, and parking lot, ensuring low-maintenance, passive ownership.
New Construction = Reduced Capital Expenditures: Completed in 2024, minimizing near-term maintenance and repair costs for ownership.
Essential Retail Concept: Discount retail tenants offering everyday necessities—proven resilient across all economic cycles and key drivers of consistent consumer traffic.
Economy: Olivet’s economy is supported by education, healthcare, and local service-based employment, with a median household income of approximately $45,000. The nearby Lansing metropolitan area provides additional employment opportunities, strengthening the local workforce and supporting consistent consumer spending.
Developments: While Olivet is a small community, its proximity to Lansing and strong regional infrastructure promote long-term investment stability. The area benefits from ongoing infrastructure maintenance and regional growth, helping sustain a business friendly environment for new and existing commercial tenants.
Tourism: Olivet benefits from its scenic surroundings, nearby lakes, and recreational amenities that attract residents and visitors from across the region. Its small-town setting and collegiate presence contribute to steady local traffic and a consistent consumer base for neighborhood retail.
Education: Olivet is home to both Olivet Community Schools and Olivet College, a private liberal arts institution that anchors the community. The presence of higher education enhances local economic stability and provides a steady base of residents, students, and employees that support area retailers.
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