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Dollar General- Evart 801 W 7th St 8,125 SF Retail Building Evart, MI 49631 $779,429 ($95.93/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding 8,125 SF building on 1-acre lot NNN Corporate Lease with 4.5 Years Remaining
- Located in an Opportunity Zone – Offers potential tax advantages and long-term investment upside
- 173 ' of Road Frontage on 7th Street
- Daily traffic over 10,000 VPD at a key corner in Evart’s retail corridor
- Part of a 7-building Dollar General Portfolio
- Placer AI Ranks this location in the 88% for the State of Michigan AND ranked in the 79% nationwide
EXECUTIVE SUMMARY
This offering features a freestanding, single-tenant Dollar General store located in Evart, Michigan—part of a 7-property NNN leased retail portfolio. Built in 2005, the 8,125 SF building sits on a 1-acre parcel at a high-visibility corner along US Highway 10 (West 7th Street) and Fair Street, with over 10,000 vehicles per day and excellent accessibility.The property is 100% leased to Dollar General under a NNN lease structure, offering stable income with minimal landlord responsibilities. It benefits from Opportunity Zone designation, favorable demographics, and an established rural trade area. With 38 surface parking spaces, strong traffic counts, and over 440 feet of frontage, the site is ideally suited for long-term retail performance.
Placer AI Numbers:167,100 annual visits
• $2.7 million in annual sales
• 116,800 in sales transactions annually
• Ranked in the 88% for the State of Michigan
• Ranked in the 79% nationwide
Placer AI Numbers:167,100 annual visits
• $2.7 million in annual sales
• 116,800 in sales transactions annually
• Ranked in the 88% for the State of Michigan
• Ranked in the 79% nationwide
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
8,125 SF
Building Class
C
Year Built
2005
Price
$779,429
Price Per SF
$95.93
Cap Rate
7.25%
NOI
$56,534
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
38 Spaces (4.68 Spaces per 1,000 SF Leased)
Frontage
173’ on W 7th
AMENITIES
- 24 Hour Access
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 51-004-004-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $184,000 |
PROPERTY TAXES
Parcel Number
51-004-004-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$184,000
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Dollar General- Evart | 801 W 7th St
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