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Dollar General | Avg HHI: $92,683 18875 S Oakley Rd 10,640 SF Retail Building Oakley, MI 48649 $2,184,000 ($205.26/SF) 6.65% Cap Rate


INVESTMENT HIGHLIGHTS
- Brand-new 2025 construction on a large 5.03-acre parcel
- Strong credit tenant with Fortune 500 status and BBB rating
- Located in a growing Michigan market with strong demographic trends
- 15-year corporate guaranteed NNN lease with Dollar General
- Zero landlord responsibilities for a truly passive investment
EXECUTIVE SUMMARY
2025 CONSTRUCTION DOLLAR GENERAL ON 5.03 ACRES
• 10,640 SF construction Dollar General sitting on 5.03 acers located in Oakley, MI.
• This Dollar General opened in November 2025 and rent has commenced.
15 YEAR CORPORATE NNN LEASE WITH INCREASES IN INITIAL TERM
• This property features a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• There are 5% increases every 5 years in the initial lease term and in each of the five 5-year option periods.
INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B.
$92,683 PROJECTED AVERAGE HOUSEHOLD INCOME
• The average household income is projected to increase to $92,683 within a 1 mile radius by 2029.
• The current 1 mile average household income is $77,235
TRI - CITIES MSA (SAGINAW – MIDLAND - BAY CITY, MI) | POPULATION: 377,474
• The subject property is located 35 minutes south of Saginaw & the Tri Cities of Michigan and is a part of the MSA.
• The Tri Cities are the cities surrounding the Saginaw Bay and Saginaw River with a population of 377,474.
• The Saginaw MSA has a population of 196,542 and is the county seat of Saginaw County
• Home to multiple Colleges and Universities including Delta College (13,775 Students) , Saginaw Valley State University (9,766 Students) and more.
• Saginaw’s economy is supported by innovation, clean energy, and continued manufacturing exports.
NEAR OWOSSO, MI | 31,500 JOBS WITH PROJECTED 28.8% GROWTH
• Owosso, MI is located 10 miles south of this Dollar General and is a manufacturing hub with 31,500 jobs.
• The employment rate is expected to grow by 28.8% over the next 10 years.
• This Dollar General is 10 miles from a retail corridor in Owosso with multiple national retailers including Kroger, Walmart, Home Depot, Meijer, and more.
• 10,640 SF construction Dollar General sitting on 5.03 acers located in Oakley, MI.
• This Dollar General opened in November 2025 and rent has commenced.
15 YEAR CORPORATE NNN LEASE WITH INCREASES IN INITIAL TERM
• This property features a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• There are 5% increases every 5 years in the initial lease term and in each of the five 5-year option periods.
INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B.
$92,683 PROJECTED AVERAGE HOUSEHOLD INCOME
• The average household income is projected to increase to $92,683 within a 1 mile radius by 2029.
• The current 1 mile average household income is $77,235
TRI - CITIES MSA (SAGINAW – MIDLAND - BAY CITY, MI) | POPULATION: 377,474
• The subject property is located 35 minutes south of Saginaw & the Tri Cities of Michigan and is a part of the MSA.
• The Tri Cities are the cities surrounding the Saginaw Bay and Saginaw River with a population of 377,474.
• The Saginaw MSA has a population of 196,542 and is the county seat of Saginaw County
• Home to multiple Colleges and Universities including Delta College (13,775 Students) , Saginaw Valley State University (9,766 Students) and more.
• Saginaw’s economy is supported by innovation, clean energy, and continued manufacturing exports.
NEAR OWOSSO, MI | 31,500 JOBS WITH PROJECTED 28.8% GROWTH
• Owosso, MI is located 10 miles south of this Dollar General and is a manufacturing hub with 31,500 jobs.
• The employment rate is expected to grow by 28.8% over the next 10 years.
• This Dollar General is 10 miles from a retail corridor in Owosso with multiple national retailers including Kroger, Walmart, Home Depot, Meijer, and more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,640 SF
Building Class
B
Year Built
2025
Price
$2,184,000
Price Per SF
$205.26
Cap Rate
6.65%
NOI
$145,176
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
5.03 AC
Zoning
A-R - Agricultural Residential
Frontage
673’ on North Main Street
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Wheelchair Accessible
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Dollar General | Avg HHI: $92,683 | 18875 S Oakley Rd
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