Listed by Callander Commercial
$1,300,000
18043 East State Street
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,128
Units 1
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2034
Remaining Term 9
Lease Options Four - 5 year
Year Built 2019
Acreage 1.880
Zoning C
Parking Spaces 28 spaces
Parking per 1,000 SqFt 3.07
Ground Lease No
Absolute NN lease with zero landlord responsibility
Marketing description
An outstanding investment opportunity featuring a single-tenant Dollar General in Vandalia, Michigan. Built in 2019, the 9,100 SF property is leased under an Absolute NNN lease with approximately nine years remaining and four 5-year renewal options featuring 10% rent increases. Backed by a nationally recognized retailer, this property offers passive ownership and predictable cash flow for investors and 1031 exchange buyers. Please do not contact the tenant or employees. All property tours and inquiries must be coordinated through the listing broker.
Investment highlights
Investment-grade national retailer
Modern 2019 construction
Stable monthly income
Long-term lease security
Excellent 1031 replacement property
Limited management required
Listing Contacts
Listed by Callander Commercial
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Zoning
C-1 CommercialNeighborhood CommercialLocal Commercial
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View all 66 uses Last updated Apr 17, 2026 For deeper zoning details, reports are available at Zoneomics
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