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11920 M-60, Jones, MI, 49061

Dollar General
$1,083,613

Key Information

Cap Rate
7.75%
$ per SF
$120
Tot. SF
9,026
Lot Size
1.55 Acres
Year Built
2018
Term Remaining
±7.5 YRS
Type
Retail

Highlights

  • Strategic Regional Location: Situated at the signalized intersection of M-60 and M-40, approximately 25 miles south of Kalamazoo, Michigan, and 25 miles northeast of South Bend, Indiana.
  • Attractive Yield: Offers a 7.75% return supported by a stabilized tenant with investment-grade credit with ±7.5 years remaining on the initial 15-year lease term.
  • Proximity to Demand Drivers: Located within five miles of Swiss Valley Ski & Snowboard Area, M-40 Speedway, and Dr. Lawless International Dark Sky Park, key regional attractions supporting consistent consumer traffic.
  • Limited Competitive Presence: Nearest national dollar-store competitor is more than six miles away, reinforcing Dollar General’s strong position within the local trade area.
  • Investment-Grade Credit: Dollar General holds a BBB credit rating from S&P, indicating strong financial stability.
  • National Scale & Growth: Operates approximately 21,000 locations nationwide with continued expansion initiatives.
  • Essential Retailer Performance: Demonstrated operational resilience and strong performance throughout the COVID-19 pandemic.
  • Established Public Company: Maintains a market capitalization of approximately $40.61 billion.

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 6505432273, 6502432668 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203