315 Main St Olivet, MI 49076

This exceptional retail investment opportunity presents a newly constructed, 10,431 square foot building in Olivet, Michigan, occupied by a Dollar Tree and Family Dollar. The property boasts a strong 10-year net lease (NN+) commencing September 30, 2024, and expiring September 29, 2034, offering a substantial remaining lease term of 10.5 years. With 100% occupancy achieved on May 31, 2024, the property generates a compelling Net Operating Income (NOI) of $135,450, resulting in an attractive 6.61% capitalization rate. The asking price is $2,050,000, translating to a price per square foot of $195.24. Situated on a sizable 75,684 square foot lot, the property is zoned C-1 and benefits from its prime location at 315 N Main St, Olivet, MI 49076. This institutional-grade, 10-31 exchange eligible investment offers a secure and profitable addition to any portfolio. The building was completed in 2024, ensuring modern facilities and long-term operational efficiency. This is a turnkey investment with minimal management requirements, providing a stable and predictable income stream for years to come.