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33526951
33526958

400 E Main Street, Vermontville, MI 49096

BB
MI 6501319610
Fortis Net Lease
Listed by Fortis Net Lease
$1,954,545
1 day on market
Updated 1 day ago

400 E Main Street

Details
Property Type Retail
Sub Type Dollar, General (+1)
Square Footage 9,100
Cap Rate 6.60%
NOI $129,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+2)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2041
Remaining Term 15.1
Rent Bumps Yes
Lease Options Five (5 Year) Options with 5% Increases At Each Option
Price per SqFt $215
Broker Co-Op True
Year Built 2026
Buildings 1
Stories 1
Acreage 2.090
Zoning Commercial
Parking Spaces 31 spaces
Parking Per SqFt 3.41
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/01/2026
Ground Lease No
Ownership Fee Simple

Retail | 6.60% CAP | 9,100 SqFt

Marketing description

Fortis Net Lease is pleased to present this brand new 2026 BTS 9,100 SF. Dollar General store located in Vermontville, Michigan. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate 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 is in the final stages of construction with opening & rent start in June 2026.

This Dollar General is highly visible as it is strategically positioned off of E Main Street seeing 2,354 cars per day and is the only dollar store serving the community! The 10 mile population from the site is 21,486 and the 3 mile average household income is $78,666 per year, making this location ideal for a Dollar General. This site is surrounded by residential homes & will be a essential store for the area. 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 retailer. List price reflects a 6.60% cap rate based on NOI of $129,000.

Investment highlights

  • Brand New 15 Year Absolute NNN Lease
  • Zero Landlord Responsibilities
  • 2026 BTS Construction | Opening in June
  • 5% Rental Rate Increases Every 5 Years!
  • 5 (5 Year) Options | 5% Increases At Each Option
  • Located on E Main Street - 2,354 VPD
  • 3 Mile Household Income $78,666
  • 10 Mile Population 21,486
  • The Only Dollar Store Serving the Community!
  • Investment Grade Dollar Store With "BBB" Credit Rating
  • Dollar General Corporate Guaranty

Listing Contacts

BB
MI 6501319610
Fortis Net Lease
Listed by Fortis Net Lease

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$129,000.00
$10,750.00/mo

Valuation Metrics

0
DSCR
6.6%
Cap Rate
6.6%
ROI

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