STNL Family Dollar
Retail | 8.25% CAP
Marketing description
AQRE Advisors is pleased to present for sale the single-tenant net lease Family Dollar property located at 326 E Main St, Edmore, MI 48829 (“Property”). The ±10,386 SF building is situated on 0.61 acres of land and is 100% leased to Family Dollar, providing investors with a reliable, income-producing asset backed by a nationally recognized retailer
Edmore is a charming village located in Montcalm County, Michigan, offering a welcoming small-town atmosphere with convenient access to larger markets like Mount Pleasant and Grand Rapids. The community features a mix of residential, retail, and light industrial uses supported by a stable local workforce. With ongoing infrastructure improvements and a focus on business-friendly development, Edmore provides an ideal environment for essential retail tenants like Family Dollar.
Investment highlights
New 10-Year Corporate Lease: Lease commenced October 2023, offering long-term income stability from a fresh, fullterm agreement.
Fully Renovated in 2023: Major capital improvements completed to meet current corporate specifications.
Minimal Landlord Responsibilities: NN lease with landlord responsible only for roof, structure, and parking lot, providing passive, low-management ownership.
Essential Retail Location: Family Dollar serves as a primary convenience and value retailer for the surrounding community, driving consistent local traffic.
Economy: Edmore maintains a modest yet stable local economy supported by manufacturing, health care, and service-related industries. Manufacturing provides a strong employment base with above-average wages for the region. The village’s median household income is approximately $53,750, with a homeownership rate near 75%, reflecting a steady and rooted community that supports essential retailers and local businesses.
Developments: The Village of Edmore is guided by its 2024–2029 Master Plan, which emphasizes infrastructure improvements, zoning updates, and downtown revitalization. Local leadership continues to encourage business diversification and new investment opportunities, positioning the community for sustainable growth and commercial readiness.
Tourism: While primarily residential and agricultural, Edmore benefits from its proximity to lakes, trails, and outdoor recreation areas that attract steady regional visitors. Community events like the Edmore Farmers Market and local festivals enhance small town charm and contribute to consistent retail and service traffic throughout the year.
Education: Edmore is served by a dedicated K–12 public school system that plays a central role in the community. The area’s strong family presence, high homeownership rates, and investment in education help sustain a reliable workforce and consumer base for local businesses and retailers.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
