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33263385
33263384

18875 S OAKLEY RD, OAKLEY, MI 48649-9723

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$2,151,000
4 days on market
Updated 4 days ago

Dollar General | Avg HHI: $92,683

Details
APN 07-09-3-30-0702-000
Property Type Retail
Sub Type Discount, Dollar general (+1)
Square Footage 10,640
Cap Rate 6.75%
NOI $145,176
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Year Built 2025
Stories 1
Acreage 5.030
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Saginaw MSA | 6.75% CAP | 10,640 SqFt

Investment highlights

2025 CONSTRUCTION DOLLAR GENERAL ON 5.03 ACRES

• 10,640 SF construction Dollar General sitting on 5.03 acers located in Oakley, MI.

• This Dollar General opened in November 2025 and rent has commenced.

15 YEAR CORPORATE NNN LEASE WITH INCREASES IN INITIAL TERM

• This property features a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years.

• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.

• There are 5% increases every 5 years in the initial lease term and in each of the five 5-year option periods.

INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS

• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Currently over 21,000 locations and plans to open 750 stores in 2025.

• Dollar General has been in business for 80 years and has a current net worth of over $18.16B.

$92,683 PROJECTED AVERAGE HOUSEHOLD INCOME

• The average household income is projected to increase to $92,683 within a 1 mile radius by 2029.

• The current 1 mile average household income is $77,235

TRI - CITIES MSA (SAGINAW – MIDLAND - BAY CITY, MI) | POPULATION: 377,474

• The subject property is located 35 minutes south of Saginaw & the Tri Cities of Michigan and is a part of the MSA.

• The Tri Cities are the cities surrounding the Saginaw Bay and Saginaw River with a population of 377,474.

• The Saginaw MSA has a population of 196,542 and is the county seat of Saginaw County

• Home to multiple Colleges and Universities including Delta College (13,775 Students) , Saginaw Valley State University (9,766 Students) and more.

• Saginaw’s economy is supported by innovation, clean energy, and continued manufacturing exports.

NEAR OWOSSO, MI | 31,500 JOBS WITH PROJECTED 28.8% GROWTH

• Owosso, MI is located 10 miles south of this Dollar General and is a manufacturing hub with 31,500 jobs.

• The employment rate is expected to grow by 28.8% over the next 10 years.

• This Dollar General is 10 miles from a retail corridor in Owosso with multiple national retailers including Kroger, Walmart, Home Depot, Meijer, and more.

Listing Contacts

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,176.00
$12,098.00/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Paul Kerber
License
MI 6502433613
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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