Contacts

Alexa Venezia

P.A. Commercial

Property Details

Property Type Retail - Freestanding
Property Size 8,125 SF
Parking Spaces Avail. 40
Property Tenancy Single Tenant
Year Built 1976
Year Renovated 2004
Date Updated Jun 16, 2025

This Dollar General store is strategically positioned in Lake City, MI—a rural community in Missaukee County—within the Cadillac, MI CBSA and the Traverse City-Cadillac DMA. The site offers excellent visibility with 54 feet of frontage on S Morey Road and convenient access via a dedicated curb cut. Surrounded by a mix of residential neighborhoods and local businesses, the property benefits from a daily traffic volume of over 10,000 vehicles on nearby S Morey Rd and M-55/M-66. The area demonstrates stable demographics with modest population and household growth projected through 2029. With a Walk Score of 9, this car-dependent area caters well to Dollar General's value-oriented customer base, making it a reliable long-term retail location.This freestanding Dollar General store is part of a 7-property NN+ leased portfolio and is located in suburban Missaukee County, MI. The 8,125 SF building sits on a 0.75-acre lot with 40 surface parking spaces and 54 feet of frontage on W Jennings Rd, offering strong visibility, which sees over 10,000 vehicles per day. The property is 100% leased to Dollar General under a corporate-guaranteed NN+ lease with minimal landlord responsibilities and 4–5 years remaining on the term. With a low vacancy submarket, above-average household income, and stable retail demand, this property offers investors long-term income stability in a strategic Mid-Michigan location.

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Highlights

Attractive Cap Rate with stable NOI and strong rent performance
Freestanding 8,125 SF building on a 0.75-acre lot with 40 surface parking spaces
NN+ Corporate Lease with 4–5 years remaining and minimal landlord responsibilities
Part of a 7-building Dollar General Portfolio
Strategic Mid-Michigan Location w/ daily traffic counts of 10,000 VPD

Getting around

9/100
Walk Score ®
32/100
Bike Score ®

Location

City Lake City, MI
Zip Code 49651

Points of Interest

Wesco

0.65 miles
Shell

1.86 miles
Mobil

2.07 miles
Johnson Oil Cart Fuel Center

2.12 miles
Marathon

2.19 miles
Ceres Solutions Cooperative

7.78 miles
Sunoco

7.95 miles
Murphy USA

9.13 miles
Cadillac Supercharger

9.42 miles

Cadillac Pathway Trailhead

6.16 miles
MDOT Public Carpool Parking - Cadillac - North

8.19 miles
Cadillac Pathway

8.47 miles
Long Lake Trail Parking

8.64 miles
Missaukee Junction Trailhead

9.82 miles

Subway

0.66 miles
Hammers Pub and Grub

1.70 miles
Lake City’s Family Diner

1.80 miles
McDonald's

2.12 miles
Duanes Family Restaurant

7.93 miles
KFC

9.01 miles
Popeyes

9.22 miles
Tropical Smoothie Cafe

9.27 miles
Pizza Hut

9.33 miles
Ruby Tuesday

9.38 miles

Roger's

2.17 miles
Ebel's General Store

7.91 miles
ALDI

9.08 miles
Walmart Supercenter

9.18 miles
TJ Maxx

9.30 miles
Meijer

9.50 miles
Save-A-Lot

9.95 miles
Family Fare

10.00 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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Alexa Venezia

P.A. Commercial

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Map of Property

6067 W Jennings Rd