Boulder Group Sold Michigan Dollar General Portfolio
The firm brokered a four-property real estate deal totaling over $8.3 million.
Updated on Oct. 9, 2026 in Retail
Live Poll
Do you consider the discount retail stores in your local area to be essential community services?
The Boulder Group has completed the sale of a four-property Dollar General portfolio located across Michigan. The assets, which are under absolute triple-net leases, were sold to a Northeast-based investment fund for $8,314,190.
Why it matters
The investment provides the buyer with passive income bolstered by scheduled rent increases and corporate guarantees from Dollar General. These properties serve critical roles in their rural communities, offering stable long-term yields for institutional investors.
The portfolio sold for $8,314,190 and includes stores in Gaylord, Reed City, Honor, and Vermontville. Three of the four locations utilize a 10,640-square-foot store format with 5% rent increases scheduled every five years.
The players
The Boulder Group
This is a commercial real estate firm that specializes in the sale of single-tenant net leased properties.
Dollar General Corporation
This is a major American chain of variety stores that maintains thousands of retail locations across the country.
The details
The Boulder Group acted as the broker for both the Midwest-based developer seller and the Northeast-based buyer. Each site is governed by an absolute triple-net lease and carries a corporate guarantee from Dollar General Corporation, which maintains a BBB investment-grade rating.
Timeline
The portfolio sale was completed on October 8, 2026.
Dollar General reported having 20,893 stores nationwide as of January 30, 2026.
Market Landscape
This transaction follows the industry-standard preference for the triple-net lease investment model, which shifts operational and property tax costs to the tenant. It reflects a broader market trend of bundling single-tenant retail assets to attract institutional buyers seeking predictable, long-term returns.
Customers in Gaylord, Reed City, Honor, and Vermontville will see no immediate changes to store operations as the properties remain under the same corporate lease terms. The shift in ownership from a developer to an investment fund primarily affects capital flows rather than daily retail services.
The takeaway
Retail investors often bundle essential-service properties to balance portfolio risk against macroeconomic volatility. These deals highlight the continued demand for low-maintenance, income-generating real estate in rural trade areas.
Further reading
Find more updates on regional commercial real estate in the Retail section.
Source note: This article includes information reported by North Texas Daily.
Live Poll
Do you consider the discount retail stores in your local area to be essential community services?
