Dollar General NNN Property For Sale — Grand Rapids, MI
13645 Ironwood Dr NW, Grand Rapids, MI 49544
This Dollar General property offers a compelling investment opportunity in Grand Rapids, Michigan, a rapidly growing city in the Midwest. The asset benefits from a corporate-guaranteed, triple net (NNN) lease with 5% rent increases every 5 years, providing stable income and long-term value appreciation. The tenant is responsible for all property expenses, including parking lot maintenance, taxes, insurance, roof, and structure. Strategically located off Interstate 96, a major corridor connecting Grand Rapids and Detroit, the property benefits from high traffic counts and excellent visibility at a signalized intersection. Situated in a strong industrial pocket, the location is supported by a robust local economy anchored by major employers and educational institutions. Grand Rapids is reco…
- Address: 13645 Ironwood Dr NW, Grand Rapids, MI 49544
- Asking price $2.75M
- 6.40% cap rate
- NOI $176,320
- 14.5 years remaining
- NNN lease
- Building size: 10,640 SF
- Rent increases: 5% rent increases every 5 years in the initial term and option periods.
- Guarantor: Corporate
Location
This Dollar General property is at 13645 Ironwood Dr NW in Grand Rapids, Michigan.
Asset type: NNN