Family Dollar & Dollar Tree Combo Stores, STNL Family Dollar - Portfolio
3 Properties | 2 Combo Stores + 1 Family Dollar | Michigan
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.
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.
AQRE Advisors is pleased to offer for sale the Family Dollar/Dollar Tree Combo Store, a ±10,500 SF retail asset located at 13095 M-40, Marcellus, MI 49067 (“Property”). Strategically positioned on 1.1 acres of land, this well-maintained property is 100% occupied by Family Dollar/Dollar Tree, a nationally recognized discount retailer.
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.
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.
Strong Investment Opportunity: Ideal for investors seeking stable income, minimal management, and corporate credit tenancy in a newly built property.
New 10-Year Corporate Lease: Lease commenced February 2024, offering nearly a full decade of secure, predictable income from a brand-new agreement.
Minimal Landlord Responsibilities: NN structure with landlord responsible only for roof, structure, and parking lot—offering passive, low-management ownership.
New Construction = Reduced Maintenance Costs: Building completed in 2023, minimizing near-term capital expenditures.
Essential Retail Concept: Discount variety stores proven resilient across economic cycles and positioned for continued growth in both urban and rural markets.
326 E Main st Edmore, MI 48829
Remaining Lease Term- 8± years
Lease Commencement -10/15/2023
Lease Expiration -10/15/2033
Renewal Options- Three (3) five-year options
Rent Schedule (Monthly>Annual)- Option 1 (Years 11 - 15) $77,895 - $6,491.25 Option 2 (Years 16 - 20) $83,088 - $6,924 Option 3 (Years 21 - 25) $88,281 - $7,356.75
Insurance & Property Taxes -Landlord pays direct, Tenant reimburses monthly
Utilities & Maintenance -Tenant Responsibility
Roof, Structure, HVAC Replacement, Parking Lot, and Sprinkler System -Landlord Responsibility
315 N Main st Olivet, MI 49076
Remaining Lease Term -8± years
Lease Commencement- 10/11/2024
Lease Expiration -10/11/2034
Renewal Options -Four (4) five-year options
Rent Schedule (Monthly>Annual)- Option 1 (Years 11 - 15) $11,725 -$140,700 Option 2 (Years 16 - 20) $12,163 - $145,950 Option 3 (Years 21 - 25) $12,600 - $151,200 Option 4 ( Years 26 - 30) $13,038 - $156,450
Insurance & Property Taxes -Landlord pays direct, Tenant reimburses monthly
Utilities & Maintenance- Tenant Responsibility
Roof, Structure, HVAC Replacement, Parking Lot, and Sprinkler System- Landlord Responsibility
13095 M-40 Marcellus, MI 49067
Remaining Lease Term -8± years
Lease Commencement- 02/08/2024
Lease Expiration -2/08/2034
Renewal Options -Five (5) five-year options
Rent Schedule (Monthly>Annual) -Option 1 (Years 11 - 15) $11,156 - $133,875 Option 2 (Years 16 - 20) $11,594 - $139,125 Option 3 (Years 21 - 25) $12,031 - $144,375 Option 4 ( Years 26 - 30) $12,469 - $149,625 Option 5 (Years 31-35) $12,906 - $154,875
Insurance & Property Taxes -Landlord pays direct, Tenant reimburses monthly
Utilities & Maintenance- Tenant Responsibility
Roof, Structure, HVAC Replacement, Parking Lot, and Sprinkler System _Landlord Responsibility
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