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18043 State St
Vandalia, MI 49095
Dollar General - Investment Opportunity · Retail Property For Sale
Investment Highlights
- Investment grade national retailer
- Stable monthly income - long term lease security
- Modern 2019 construction
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2019
Price
$1,300,000
Price Per SF
$142.86
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.88 AC
Zoning
C
Parking
34 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 14-101-100-015-01 | Improvements Assessment | $554,500 |
| Land Assessment | $17,100 | Total Assessment | $571,600 |
Property Taxes
Parcel Number
14-101-100-015-01
Land Assessment
$17,100
Improvements Assessment
$554,500
Total Assessment
$571,600
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