6640 Red Arrow Hwy Local commercial 718 m² À vendre Coloma, MI 49038 623 819 € (868,32 €/m²) Taux de capitalisation 8,85 %

This freestanding retail asset presents a stable, income-generating investment backed by a nationally recognized tenant with a long-standing operational history. The ±9,150 square foot building is subject to a double-net (NN) lease structure with three years remaining on the current term, offering predictable cash flow and minimal landlord responsibilities. The lease includes two additional five-year renewal options with scheduled rental increases, providing long-term upside and continuity.
The tenant has operated at this location for over 25 years, demonstrating a deep commitment to the site and surrounding community. Under the lease terms, the landlord is responsible only for the roof, structure, and parking lot, while the tenant reimburses up to $4,941 annually toward common area maintenance. The property is also covered under Dollar General’s national insurance program, further reinforcing its institutional-grade profile.
Strategically located on the main highway leading into town, the store benefits from strong visibility and daily traffic counts exceeding 6,000 vehicles. The surrounding area includes more than 10,600 residents within a three-mile radius and over 16,600 within five miles, supported by nearby national retailers such as McDonald’s, Wendy’s, Taco Bell, Burger King, and others. Positioned across from a mobile home park and near Coloma County Schools, the site draws consistent local foot traffic and serves as a key retail destination for the community.
Coloma’s location off I-94 and proximity to Paw Paw Lake—a popular resort area known for its vineyards and wineries—adds to the property’s appeal for both local and regional visitors. Less than two hours from Chicago, this asset offers a compelling blend of tenant strength, lease stability, and strategic positioning.