Dollar General NNN Investment
705 S Main St Crystal, MI
For Sale
Contact for pricing
NNN Dollar General in Crystal, MI with 13+ years remaining.
Property Size9,235 SF
Lot Size1.04 Acres
Price / SF$152.49
Days on Market341
Property Features for 705 S Main St
General Information
- Standard status
- Active
- Size
- 9,235 SF
- Lot size
- 1.04 Acres
- Property subtype
- RETAIL
Listing Agency:
Matthews Real Estate Investment Services | Dallas
(315) 730-6228
Listed By:
Josh Bishop · License #688810(TX)
(315) 730-6228
Source:
Moodyscre
Added: Aug 21, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:56AM
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 Matthews Real Estate Investment Services | Dallas
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
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 | $143.0k | $15.48 |
| − Vacancy | −$6.0k | −$0.65 |
| EGI | $137.0k | $14.83 |
| − OpEx | −$34.2k | −$3.71 |
| NOI | $102.7k | $11.12 |
9,235 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,715 @ 7.0% cap · market cap 7.29%
Second Best
Retail
$1.37M
$1.20M – $1.60M
NOI $95,868 @ 7.0% cap · market cap 6.81%
Theoretical Best
Self Storage
$127.81M
$111.83M – $149.11M
NOI $8,946,492 @ 7.0% cap · market cap 635.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Charlie's Pit Stop ...
Restaurant
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.
