| Purchase Price | $2,100,000 |
|---|---|
| Annual Rental Income | $147,000 |
| Cap Rate | 7% |
| Lease Term | 15 Years |
| City | Lansing MSA |
Dollar General Net Lease Investment Opportunity
Lansing, MI MSA
15-Year Absolute Triple Net Lease | Corporate Guarantee | Fee Simple Ownership
This offering presents an excellent opportunity to acquire a single-tenant Dollar General property located in the Lansing, Michigan Metropolitan Statistical Area. Backed by a long-term 15-year absolute triple net (NNN) lease, this investment provides stable, management-free income from one of the nation’s leading discount retailers. With a strategic location, strong surrounding demographics, and a corporate-backed guarantee, this property offers secure cash flow and long-term investment stability.
Location and Market Overview
The Lansing MSA, with a population of approximately 545,000 residents, is the state capital of Michigan and home to Michigan State University, one of the largest universities in the nation. The local economy is diverse, supported by government, higher education, healthcare, and manufacturing, including a strong presence from the automotive sector. The area benefits from stable employment and consistent population growth, creating strong demand for essential retail.
The subject Dollar General is strategically located along a busy commuter corridor with daily traffic counts exceeding 21,000 vehicles. The site offers excellent visibility and easy access, ensuring steady customer traffic. The surrounding area features complementary retail, service businesses, and residential communities, further driving consistent footfall for the tenant.
Demographics
Within a five-mile radius, the property serves more than 72,000 residents, with average household incomes of $68,000. Expanding to a 10-mile radius, the population grows to over 163,000, reflecting the strength of the Lansing metro. The combination of a stable workforce, affordable housing, and demand for essential retail makes this a prime location for Dollar General’s proven discount model.
Property Details
The property consists of a modern, freestanding Dollar General store totaling approximately 10,640 square feet on a 1.4-acre parcel. Built to the brand’s latest prototype, the building includes updated interiors, efficient layout, ample parking, and strong signage. The site is designed to handle consistent daily traffic, with convenient ingress and egress from both directions.
Ownership is fee simple, granting the investor full control of the land and building, providing long-term security and asset flexibility.
Lease Structure and Tenant Guarantee
The property is secured by a new 15-year absolute triple net (NNN) lease. Under this structure, Dollar General is responsible for all expenses, including real estate taxes, insurance, and maintenance, creating a truly passive investment. The lease includes 10% rental increases every five years, ensuring consistent income growth.
Dollar General Corporation (NYSE: DG) operates more than 19,000 locations across 47 states, making it one of the largest and most successful discount retailers in the country. Known for its recession-resistant business model and strong performance in both urban and rural markets, Dollar General continues to expand its footprint nationwide. The company carries an investment-grade credit rating, providing security for long-term investors.
Surrounding Area and Trade Drivers
The Lansing MSA is anchored by Michigan State University, a major driver of population and economic activity, as well as the state government, which provides a steady employment base. The property benefits from proximity to residential neighborhoods, schools, and healthcare facilities, ensuring consistent demand. The location’s accessibility and daily traffic counts further support sustained tenant performance.
Investment Highlights
Buyer Profile and Financing
This Dollar General property is ideally suited for 1031 exchange buyers and institutional investors seeking secure, management-free, long-term income. The corporate-backed absolute NNN lease and investment-grade tenant provide strong lender confidence and competitive financing opportunities.
Conclusion
This Dollar General in the Lansing, MI MSA represents a high-quality single-tenant net lease investment. Featuring a 15-year absolute NNN lease with a corporate guarantee, scheduled rent escalations, and a prime location in Michigan’s state capital, the property delivers secure, predictable income with excellent long-term appreciation potential.
Qualified investors are encouraged to request the offering memorandum, lease abstract, and financial details.