Dollar General- Hamilton 3424 Southside Ln 8,125 SF Retail Building Hamilton, MI 49419 $662,133 ($81.49/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding 8,125 SF building on a 1-acre lot with 33 surface parking spaces
- Strategic West Michigan Location near high- traffic M-40 corridor (17,000+ VPD)
- Attractive Cap Rate with stable NOI and strong rent performance
- NNN Corporate Lease with 4.5 years remaining and minimal landlord responsibilities
- Part of a 7-building Dollar General Portfolio
- Placer AI Numbers: 123,500 visits annually & $1.9 million in sales
EXECUTIVE SUMMARY
This freestanding Dollar General store is part of a 7-property NNN leased portfolio and is located in suburban Allegan County, MI. The 8,125 SF building sits on a 1.00-acre lot with 33 surface parking spaces and 68 feet of frontage on Southside Lane, offering strong visibility near Lincoln Road (M-40), which sees over 17,000 vehicles per day. The property is 100% leased to Dollar General under a corporate-guaranteed NNN lease with minimal landlord responsibilities and 4–5 years remaining on the term. With a low vacancy submarket, above-average household income, and stable retail demand, this property offers investors long-term income stability in a strategic West Michigan location.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,125 SF
Building Class
C
Year Built
1976
Price
$662,133
Price Per SF
$81.49
Cap Rate
8.50%
NOI
$56,281
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.00 AC
Zoning
C1
Parking
33 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
68’ on Southside Lane
PROPERTY TAXES
| Parcel Number | 09-006-119-20 | Improvements Assessment | $149,400 |
| Land Assessment | $31,200 | Total Assessment | $180,600 |
CONTACTS
-
Alexa Venezia -
Anthony Pellegrino -
Stonepoint CRE
