18414 Northland Dr

Terrific investment opportunity for a 10,760 SF Dollar General Plus store located in Big Rapids, MI the home of Ferris State University. Built new in September 2021, this property offers an investor an Absolute NNN Lease with zero landlord responsibilities, and a corporate guaranteed lease by Dollar General Corporation which holds an S&P Global Rating of BBB. The store is highly visible with strong traffic patterns and good demographics. The original lease was for 15 years starting on September 15, 2021 with 10% bumps every 5 years. There are also 4 (5 year) options with 10% bumps at each option. The current NOI is $91,531 with an increase to $100,684.10 in September 2026. This investment is priced at $1,425,000 representing a 6.42% Cap Rate or $132.43 psf. This is an ideal investment for a 1031 Buyer or someone looking for “passive” income.

Absolute NNN Investment Dollar General with Corporate Guarantee

11 Years Remaining on the Original Term with 4 (5 Year) Options

Zero Landlord Responsibilities with 10% Rent Bumps Every 5 Years

10,760 Dollar General Plus Prototype Built New in September 2021

2.8 Miles from Ferris State University and 2 Miles from US-131