705 S Main St Crystal, MI 48818
NNN Dollar General in Crystal, MI with 13+ years remaining.
Property size:
9,235 SFLot size:
1.04 AcresProperty Features for 705 S Main St
General Information
- Size
- 9,235 SF
- Lot size
- 1.04 Acres
Source:
Moodyscre
Listing Agent: Josh Bishop
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Dollar General NNN Investment Property
This property features a Dollar General built-to-suit construction completed in 2021. The property is under an absolute NNN lease with approximately 13.25 years remaining on the original 15-year term, which commenced in May 2021. The lease was modified 2.5 years into the base term, extending it to a new 15-year term and incorporating rental increases. The lease includes 5% rental increases every 5 years for the life of the lease. The property requires zero landlord management responsibilities. The surrounding area has an average household income of $77,462. The property is located in Crystal, Michigan, approximately 50 miles east of Grand Rapids. The property size is 9,235 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dollar General
Dollar Store
Charlie's Pit Stop ...
Pizza Restaurant
Location Insight
- Map
- Local Demand
- City
- Crystal
- County
- Montcalm
- State
- Michigan
- Longitude
- -84.915156
- Latitude
- 43.257693
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - NNN Dollar General in Crystal, MI with 13+ years remaining.
Where is this grocery and convenience store located?
The property is located at 705 S Main St Crystal, MI.
What is the asking price?
The asking price for this property is $1,408,242.
What are key features of this property?
This property features: - Long-term, absolute NNN lease with approximately 13.25 years remaining, providing a passive income stream.; - Dollar General's lease modification to a new 15-year term with rental increases demonstrates a strong commitment to the location.; - 5% rental increases every 5 years for the life of the lease, offering built-in income growth.