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    NNN Lease Dollar General Investment Title is generated by Realmo AI

    1406 US-2, Bessemer, MI 49911

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    New 2020 Dollar General with long-term NNN lease.

    Type:Retail
    Property size:
    9,100 SF
    Price / SF:
    $136/SF
    Added:
    Jan 28, 2026
    Days on Market:
    159
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 1406 US-2

    General Information

    Standard status
    Active
    Size
    9,100 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2020

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    Madison Harman

    Listing office Marcus & Millichap - Indianapolis

    Listing date Jan 28, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Indianapolis

    HighLights

    • Absolute NNN Lease with 10.67 Years Remaining - No Landlord Responsibilities
    • 10% Rental Increases in Each Five‑Year Option
    • Corporate Guarantee from Dollar General (NYSE: DG), BBB Rated by S&P
    • Excellent Visibility from Highly Trafficked US Hwy 2
    • Located Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area
    • New Build in 2020 with Metal Roof

    Overview

    This property, built in 2020, is occupied by Dollar General (NYSE: DG), which has over 20,500 locations in 48 states and holds a BBB rating by S&P. The tenant recently completed an interior remodel, demonstrating commitment to the site. The property has 10.67 years remaining on an absolute NNN lease, meaning there are no landlord responsibilities. The lease includes 10% rental increases in each five-year option period. The building features a metal roof and a corporate guarantee. The property is located near residential areas and local area retail establishments and benefits from year-round visitors to nearby recreational areas such as Ottawa National Forest, Lake Superior, Bluff Valley Park, Black River Falls, and the Iron Belle Trail. It is situated near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area and five miles from Indianhead Valley Condos. The location offers excellent visibility from highly trafficked US Hwy 2, the longest highway in the Upper Peninsula, which connects Ironwood and Wakefield, MI. The property is suitable for grocery and convenience store, retail, and specialty purposes.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $140.9k $15.48
    − Vacancy −$5.9k −$0.65
    EGI $135.0k $14.83
    − OpEx −$33.7k −$3.71
    NOI $101.2k $11.12
    9,100 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,214 @ 7.0% cap · market cap 8.12%
    Second Best
    Retail
    $1.35M
    $1.18M – $1.57M (±1% cap)
    NOI $94,466 @ 7.0% cap · market cap 7.58%
    Theoretical Best
    Office A
    $1.93M
    $1.69M – $2.25M (±1% cap)
    NOI $135,286 @ 7.0% cap · market cap 10.86%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Hair Salon Restaurant Spa & Massage Center Gym & Fitness Center Auto Repair Shop Auto Parts Store Department Store Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Gogebic
    State
    Michigan
    Longitude
    -90.0738
    Latitude
    46.541

    FAQs

    What type of property is this?
    Grocery and convenience store - New 2020 Dollar General with long-term NNN lease.
    Where is this grocery and convenience store located?
    The property is located at 1406 US-2 Bessemer, MI.
    What is the asking price?
    The asking price for this property is $1,246,000.
    What are key features of this property?
    This property features: Absolute NNN Lease with 10.67 Years Remaining - No Landlord Responsibilities; 10% Rental Increases in Each Five‑Year Option; Corporate Guarantee from Dollar General (NYSE: DG), BBB Rated by S&P
    More about this property
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