Dollar General - Hamtramck
Retail | 7.01% CAP | 11,060 SqFt
Marketing description
CBRE is pleased to present an opportunity to acquire an 11,060 SF, single tenant asset in Hamtramck, Michigan occupied by national discount retailer, Dollar General. The property is located 5 miles north of Detroit on East Davison Street, a “daily-use” corridor that connects residential pockets of Hamtramck to nearby parts of Detroit and feeds into larger arterials. It is one of the most visited Dollar Generals in the country, ranking in the top 4% nationwide and top 2% within the state of Michigan (Placer.ai 2024).
Hamtramck is one of the most densely populated communities in Michigan with ~20,000 residents per square mile and more than 334,340 living within 5 miles of this location. High density generally supports frequent, short-trip shopping, and the renter-centric, working class population of value and price-conscious consumers living here is the ideal demographic that discount convenience retailers are built around.
The property sits on a hard corner at a busy, signalized intersection that sees more than 39,400 cars pass daily (combined average daily traffic) from the M-8 Davison Freeway and Conant Street. There are two points of ingress/egress, abundant parking, and double signage along E. Davison Street and Conant Street providing exceptional access and visibility. East Davison has consistent local traffic, pedestrian activity, active public transportation accessibility, and high visibility for residents who pass by multiple times per week.
Dollar General is an investment-grade tenant who continues to reinvest in their brand and expand their footprint. This tenant operates on an NN lease with a corporate guarantee, providing limited landlord responsibilities and a solid tenant business model that supports long-term store viability and rent durability. Dollar General currently has over five (5) years remaining on their lease term with one (1), 5-year option to renew.
This opportunity is ideal for investors seeking predictable cash flow with limited landlord responsibilities, an established, credit-worthy tenant, and a heavily populated location that strongly supports retail concepts.
Investment highlights
Dense, Urban Trade Area
Hamtramck is one of the most densely populated cities in Michigan, providing a built-in customer base that supports frequent, repeat shopping.
Strong Demographic Alignment
The surrounding population is value-oriented and price-sensitive, an ideal match for Dollar General’s core customer profile and long term sales durability.
Convenience-Driven Consumer Behavior
Discount retail benefits from proximity and familiarity; customers rely on this location for quick, necessity-based trips close to home.
High Barriers to Relocation
Dense urban infill locations like E. Davison Street are difficult to replicate, increasing the likelihood of lease renewals and long-term occupancy.
Limited New Competitive Supply
Hamtramck’s fully built-out nature and dense residential fabric limit new retail development, helping protect existing stores from oversupply.
Liquidity in the Net-Lease Market
Dollar General remains a widely recognized net-lease tenant, supporting resale demand among 1031 buyers and private investors.
Recession-Resilient Retail
Dollar General specializes in essential, low-price goods, making the store highly defensive across economic cycles.
Simple, Predictable Ownership Profile
Single-tenant format, straightforward operations, and institutional-quality lease structure make this asset easy to underwrite and manage.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
