For Sale
$1,330,000

10600 Rd Burt, MI 48417

Michigan Retail Property - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 9,026 square foot Dollar General located at 10600 E Rd, Burt, MI 48417, in Saginaw County. The property sits on a 1.28-acre lot and boasts a strong 6.77% cap rate, generating a net operating income (NOI) of $89,982. Currently operating under a triple-net (NNN) absolute lease with Dollar General, the lease extends until September 30, 2032, offering a remaining term of 7.9 years. Five 5-year renewal options exist, each with a 10% rent increase. The tenant is responsible for all maintenance, repairs, and replacements. The property's asking price is $1,330,000, translating to a price per square foot of $147.35. With 100% occupancy and situated in a popular family-friendly area near major attractions like Frankenmuth and Birch Run Premium Outlets, this investment offers significant potential for long-term growth and stability. A clean Phase 1 Environmental Report and ALTA Survey are available, streamlining the acquisition process for 1031 exchanges or portfolio additions. The property benefits from a large customer base, with over 55,000 people residing within a 10-mile radius. This is a turnkey investment opportunity with a proven tenant and a strong lease structure.

Highlights

  • 9,026 SF Dollar General on 1.28-acre lot in Burt, MI.
  • Strong 6.77% cap rate, $89,982 NOI.
  • NNN lease to Dollar General expiring 9/30/2032, with five 5-year renewal options (10% rent increases).
  • Asking price: $1,330,000 ($147.35/SF).
  • 100% occupancy, located in a high-traffic area near popular attractions.

Property Details for 10600 Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,026 SF
Lot Size (sq. ft)
55,757 SF

Location Insight

City
Burt
County
Saginaw
State
Michigan
Latitude
43.26913385183
Longitude
-83.952773643651

FAQs

What type of property is this?
Retail property - Michigan Retail Property - High ROI
Where is the retail property located?
The property is located at 10600 Rd Burt, MI.
What is the asking price?
The asking price for this property is $1,330,000.
What are key features of this property?
This property features: 9,026 SF Dollar General on 1.28-acre lot in Burt, MI.; Strong 6.77% cap rate, $89,982 NOI.; NNN lease to Dollar General expiring 9/30/2032, with five 5-year renewal options (10% rent increases).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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10600 Rd
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