Description

Fortis Net Lease is proud to offer a 10,500 SF freestanding Family Dollar | Dollar Tree dual-concept store in Marlette, Michigan. The property is secured by a Double Net (NN) Lease, requiring minimal landlord obligations. The lease includes four (5-year) renewal options, each with a $0.50 PSF rent increase, and is backed by a corporate guarantee from Dollar Tree, which carries a “BBB” investment-grade credit rating. The store is currently under construction and scheduled to begin rent payments in November 2023.

Listing Details

  • Cap Rate

    8.75%

  • Tenancy

    Single

  • Space Type

    Retail

  • Sub Category

    Grocery Store / Supermarket

  • Date Listed

    10/8/2025

Property Specifics

  • Property Name

    Family Dollar Tree | Relo Store | Part of Redevelopment

  • No of Buildings

    1

  • Year Built

    2023

  • Building Size

    10,500 SF