Dollar General – Grayling, MI

Cap Rate
Leasable Area
Year Built


Ben Schultz

Senior Director



Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Grayling, MI. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The store is classified as a relocation store, proving the success of the local market. The parking lot is full concrete. The lease contains Four (5) Yr. Options to renew, each with a 10% rental rate increase. 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 open, with rent having commenced on 9/30/2018.

This Dollar General is highly visible and is strategically positioned in Grayling, MI. The five mile population from the site exceeds 6,000 while the one mile average household income exceeds $39,000 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a 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 dollar store. List price reflects a 6.50% cap rate based on NOI of $101,664.

• Brand New Absolute NNN Lease | Zero Landlord Responsibilities
• Relocation Store | Proven Success in Community
• 15 Year Term | Four (5 Year) Options
• 17,500 Cars Per Day
• One Mile Household Income $39,000
• Five Mile Population Exceeds 6,000
• Major National Tenant Nearby Include O’Reilly Auto Parts, McDonalds, Wendy’s, KMart, and Walgreens
• Five Mile Population Exceeds 5,500
• Dollar General announced 31st Straight Quarter of Same Store Sales Growth