Discount
Dollar General
4531 Lansing Rd, Bancroft, MI 48414
Listing Price: $1,250,000
Investment Overview
Dollar General is located at 4531 Lansing Road in Bancroft, Michigan, a rural community in Shiawassee County strategically positioned between the regional markets of Lansing, Flint, Owosso, and Durand. The property is situated along M-71, a primary corridor serving the surrounding communities and providing convenient access to retail, healthcare, employment, and everyday services throughout Mid-Michigan.
The location benefits from a trade area of more than 49,000 residents and average household incomes exceeding $79,000 within a 10-mile radius. Constructed in 2019, the freestanding 9,100-square-foot store serves as a convenient destination for everyday essentials while benefiting from contractual 10% rent increases throughout the renewal option periods.
Dollar General
Investment Highlights
- 2019 Construction | Modern 9,100-square-foot freestanding Dollar General situated on approximately 2.04 acres.
- Corporate-Guaranteed Absolute NNN Lease | Corporate guarantee from Dollar General combined with an Absolute NNN structure provides investors with passive ownership and no landlord responsibilities.
- Contractual Rent Growth | Lease features 10% rental increases during renewal option periods, providing built-in potential income growth over the investment hold period.
- Strategic Mid-Michigan Location | Positioned along Lansing Road between Lansing, Owosso, Flint, and Durand, providing access to multiple regional employment and population centers.
- Established Trade Area | Average household income exceeds $79,000 within a 10-mile radius, with the property serving a trade area of more than 49,000 residents.
- Positive Customer Traffic Trends | Placer.ai data shows approximately 106,000 visits over the last 12 months, with visitation increasing 14.5% year-over-year. This keeps Placer as a positive supporting metric without emphasizing the property's comparative ranking.
Exclusively Listed By
Broker of Record
-
Gordon Navarre
Managing Director, Market Leader - Michigan
Listing Price: $1,250,000
Investment Highlights
- 2019 Construction | Modern 9,100-square-foot freestanding Dollar General situated on approximately 2.04 acres.
- Corporate-Guaranteed Absolute NNN Lease | Corporate guarantee from Dollar General combined with an Absolute NNN structure provides investors with passive ownership and no landlord responsibilities.
- Contractual Rent Growth | Lease features 10% rental increases during renewal option periods, providing built-in potential income growth over the investment hold period.
- Strategic Mid-Michigan Location | Positioned along Lansing Road between Lansing, Owosso, Flint, and Durand, providing access to multiple regional employment and population centers.
- Established Trade Area | Average household income exceeds $79,000 within a 10-mile radius, with the property serving a trade area of more than 49,000 residents.
- Positive Customer Traffic Trends | Placer.ai data shows approximately 106,000 visits over the last 12 months, with visitation increasing 14.5% year-over-year. This keeps Placer as a positive supporting metric without emphasizing the property's comparative ranking.
Investment Overview
Dollar General is located at 4531 Lansing Road in Bancroft, Michigan, a rural community in Shiawassee County strategically positioned between the regional markets of Lansing, Flint, Owosso, and Durand. The property is situated along M-71, a primary corridor serving the surrounding communities and providing convenient access to retail, healthcare, employment, and everyday services throughout Mid-Michigan. The location benefits from a trade area of more than 49,000 residents and average household incomes exceeding $79,000 within a 10-mile radius. Constructed in 2019, the freestanding 9,100-square-foot store serves as a convenient destination for everyday essentials while benefiting from contractual 10% rent increases throughout the renewal option periods.
Exclusively Listed By
Broker of Record
-
Gordon Navarre
Managing Director, Market Leader - Michigan
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