Log In/Sign Up
Your email has been sent.
Dollar General 57 N Caseville Rd 9,014 SF Retail Building Pigeon, MI 48755 $861,000 ($95.52/SF) 7.25% Cap Rate
Investment Highlights
- Long-Term Lease with Longevity and Renewal Optionality
- Core Small-Town Demographics with Rural Catchment Dynamics
- Low Overhead and Passive Ownership Profile
- Dominant Presence in a Primary Retail Corridor
- Regional Role as a Rural Service Center
- Strategic Rural Retail Exposure with Limited Competition
Executive Summary
The property is leased to Dollar General, a leading discount retailer with a creditworthy national footprint spanning over 18,000 stores, delivering essential goods and everyday value to rural and suburban markets. The lease includes a 15% rent increase in June 2028 and 10% rent escalations every five years thereafter, providing built-in, long-term income growth and inflation protection for investors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
C
Year Built
2006
Price
$861,000
Price Per SF
$95.52
Cap Rate
7.25%
NOI
$62,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.78 AC
Zoning
C-1 - Commercial
Parking
36 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
164’ on Caseville
Amenities
- Signage
Property Taxes
| Parcel Number | 36-003-004-60 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $172,100 |
Property Taxes
Parcel Number
36-003-004-60
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$172,100
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Dollar General | 57 N Caseville Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.