830 S Chestnut St, Reed City, MI 49677 For Sale

Fortis Net Lease is pleased to present this brand new 10,640 SF Dollar General Market store located in Reed City, Michigan. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has completed construction and has been open & operating successfully since October 2025.

This Dollar General Market is highly visible as it is strategically positioned on S Chestnut Street seeing 5,138 cars per day. It sits surrounded across from the Reed City Middle School and down the street from the Yoplait factory - a major retailer in the area. The 10 mile population from the site is 14,434 while the 3 mile average household income is $68,362 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 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 small box discount retailer. List price reflects a 6.55% cap rate based on NOI of $169,996.