

Dollar General - Detroit, MI
10.25% CAP | NN+ | High Density Market
Investment highlights
● List price of $885,366 yielding an attractive 10.25% cap rate
● ±12,168 square foot building constructed in 1952 with a renovation in 2011, situated on a ±0.89-acre parcel including 38 parking spaces
● Less than one year remaining on the lease with three, 5-year options to extend; tenant has until 11/2/2026 to notify the landlord of intent to renew
● 10% rental increases at the start of each of the three, 5-year option periods
● Strong corporate guaranty from Dollar General Corporation, a Fortune 500 tenant with a BBB credit rating (S&P) and approximately $28 billion market cap
● NN+ lease with landlord responsibilities limited to roof, structure, and parking lot; tenant responsible for all HVAC maintenance and replacement
● Tenant reimburses the landlord in full for all maintenance expenses related to the property and contributes an additional $300 per month toward property upkeep
● The property is located on the corner of Alcoy St and E Seven Mile Rd (4 lanes), seeing over ±15,000 vehicles per day; East Seven Mile Road is a primary east-west commercial artery
● The property is just off Gratiot Ave, a main entryway into downtown Detroit with traffic counts exceeding ±27,000 vehicles per day
● The site is approximately ±10 miles from downtown Detroit, which has a population of 395,030 within a 5-mile radius and remains one of the most affordable major U.S. cities with median home prices roughly 30% below the national average
● Detroit’s combination of low acquisition costs and available tax incentives creates a highly favorable environment for real estate investors, with properties generating strong yields relative to purchase price
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?














