Dollar General Plus Investment
For Sale
Contact for pricing
18414 Northland Drive, Big Rapids, MI 49307
NNN leased Dollar General Plus store in Big Rapids, MI.
Property Size10,760 SF
Price / SF$120.82
Days on Market296
Property Features for 18414 Northland Drive
General Information
Standard status
Active
Size
10,760 SF
Total Parking Spaces
43
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$91,531
Building Details
Year Built
2021
Buildings
1
Stories
1
Units
43
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices Tomie Raines REALTORS
(517) 351-3617
Listed By:
Kelly Miller · License #MI
Source:
Crexi
Added: Oct 30, 2025
Changed: Aug 13
Last Checked: Aug 20 at 5:06AM
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 Berkshire Hathaway HomeServices Tomie Raines REALTORS
Investment Insights
Based on property information with market context.
This is an investment opportunity featuring a 10,760 square foot Dollar General Plus store in Big Rapids, Michigan, home of Ferris State University. Constructed in September 2021, the property is under an Absolute NNN Lease, meaning zero landlord responsibilities. The lease is corporate guaranteed by Dollar General Corporation, which holds an S&P Global Rating of BBB. The store benefits from high visibility, strong traffic patterns, and favorable demographics. The original lease term is 15 years, commencing September 15, 2021, with 10% rent increases every 5 years. There are four 5-year renewal options, each including a 10% rent increase. The current Net Operating Income (NOI) is $91,531, scheduled to increase to $100,684.10 in September 2026. The property is offered at $1,425,000, representing a 6.42% Cap Rate or $132.43 per square foot. This investment is suited for a 1031 Buyer or those seeking passive income.
Key Highlights
- Absolute NNN Lease offers a truly passive income stream.
- Corporate guaranteed lease by Dollar General Corporation (S&P Global Rating of BBB) ensures financial stability.
- New construction (built September 2021) minimizing potential maintenance costs.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
7k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,327 visits/mo
0.1 miles
Gerber Collision & Glass
Shops & Services
215 visits/mo
0.2 miles
Demographics for 49307, MI
16,914
Population
7,997
Households
2.1
Avg Household Size
31
Median Age
31%
College-Educated
94%
High-School Grad
134.5 sq mi
ZIP Area
126
Density / Sq Mi
$54,803
Median Household Income
$24,736
Median Earnings
$877
Median Rent
$179,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN leased Dollar General Plus store in Big Rapids, MI.
Where is this grocery and convenience store located?
The property is located at 18414 Northland Drive Big Rapids, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Absolute NNN Lease offers a truly passive income stream.; Corporate guaranteed lease by Dollar General Corporation (S&P Global Rating of BBB) ensures financial stability.; New construction (built September 2021) minimizing potential maintenance costs.
