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Dollar General - Hesperia 395 E South Ave 9,014 SF Retail Building Hesperia, MI 49421 $779,310 ($86.46/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding 9,014 SF building on a 1.04- acre lot with 35 surface parking spaces
- Strategic West Michigan Location near high- traffic M-20 corridor (4,667+ VPD)
- Rated 85% by Placer AI in a 15 mile radius
- NNN Corporate Lease with 4.25 years remaining and minimal landlord responsibilities
- Part of a 7-building Dollar General Portfolio
EXECUTIVE SUMMARY
This freestanding Dollar General store is part of a 7-property NNN leased portfolio and is located in Newaygo County, MI. The 9,014 SF building sits on a 1.04-
acre lot with 35 surface parking spaces and sees over 4,667 vehicles per day (VPD). 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.
PLACER AI NUMBER
• 120,600 annually visits
• $1.7 million in annual sales
• Within in 15 mile radius this site is ranked 85%
acre lot with 35 surface parking spaces and sees over 4,667 vehicles per day (VPD). 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.
PLACER AI NUMBER
• 120,600 annually visits
• $1.7 million in annual sales
• Within in 15 mile radius this site is ranked 85%
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
9,014 SF
Building Class
C
Year Built
2005
Price
$779,310
Price Per SF
$86.46
Cap Rate
8.50%
NOI
$66,241
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.04 AC
Zoning
LOCAL ZONE
Parking
35 Spaces (3.88 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Security System
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 09-30-300-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $335,900 |
PROPERTY TAXES
Parcel Number
09-30-300-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$335,900
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Dollar General - Hesperia | 395 E South Ave
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