Dollar General 11802 Chippewa Hwy Local commercial 755 m² À vendre Bear Lake, MI 49614 528 159 € (699,70 €/m²) Taux de capitalisation 9 %

This offering features a 100% occupied, single-tenant Dollar General store located in Bear Lake, Michigan, as part of a 7-property portfolio of NN+ leased assets. The 8,125 SF freestanding retail building sits on a 1-acre parcel along US-31 (Chippewa Highway)—a key corridor through Northwest Michigan with over 5,000 vehicles per day. The property is backed by a corporate-guaranteed lease with approximately 4–5 years of term remaining, offering investors stable cash flow with minimal landlord responsibilities. The annual NOI reflects a strong return profile in a recession-resistant, essential retail category. Strategically positioned in a growing rural trade area with 0.0% vacancy, the site benefits from limited local competition and consistent traffic from surrounding communities. With a robust parking ratio and well-maintained construction, this Dollar General meets both national tenant standards and long-term investment criteria.
This Dollar General is strategically located in Bear Lake, a rural village in Manistee County, within the Northwest Michigan submarket cluster. Positioned along Chippewa Highway (US-31), a primary north-south corridor through the region, the property benefits from strong visibility and consistent local traffic, with over 5,588 vehicles per day at nearby intersections. The immediate area is predominantly residential and lightly commercial, supporting essential retail needs for surrounding small communities. Despite the rural setting, the property serves as a critical retail anchor, drawing daily traffic from a wide geographic radius due to limited competition. The site is located within the Traverse City–Cadillac DMA, offering investors a secure foothold in a stable, low vacancy market.