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    3607 68Th St Caledonia, MI 49316

    Sponsored
    For Sale
    $1,355,785

    Grand Rapids MSA, Absolute NNN Lease

    Property size:
    9,301 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 9,301 square foot Dollar General store in Caledonia, MI, a thriving suburban market near Grand Rapids. Built in 2013, this Class A property sits on 1.83 acres and boasts an absolute NNN lease with a credit-rated tenant, ensuring minimal landlord responsibilities. The lease, commencing October 16, 2013, and expiring October 31, 2028, has approximately 4.5 years remaining, with five 5-year renewal options, each including rent increases. The property enjoys a 7.00% cap rate and a strong NOI of $94,905. Its prime location on 68th Street, a major retail corridor, benefits from proximity to significant residential developments, Gerald R. Ford International Airport, and a substantial concentration of industrial and distribution facilities, including a large Amazon fulfillment center. The property's strategic placement within a rapidly growing area, coupled with the long-term lease and strong tenant, makes this a compelling investment prospect. The asking price is $1,355,785, translating to $145.77 per square foot. The property is 100% occupied since its opening.

    Property Features for 3607 68Th St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    9,301 SF
    Class
    A
    Lot Size
    79,715 SF

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    1

    HighLights

    • Absolute NNN lease; zero landlord responsibilities.
    • 2013 Dollar General build‑to‑suit.
    • 9,301 square‑foot building on 1.83 acres.
    • 4+ years remaining on lease with five 5‑year renewal options and rent increases.
    • Excellent location in growing Caledonia, MI, a strong suburban market 20 minutes from Grand Rapids.
    • Corporate guarantee by Dollar General (BBB rated by S&P).
    Property Profile Location Intelligence

    Current Use by Public Records

    FedEx OnSite Mailing Service Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Dental Office Hair Salon Building Supply Pharmacy Auto Repair Shop Daycare Center Kitchen & Bath Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Caledonia
    County
    Kent
    State
    Michigan
    Longitude
    -85.574998640112
    Latitude
    42.841133035586

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    FAQs

    What type of property is this?
    Lifestyle center - Grand Rapids MSA, Absolute NNN Lease
    Where is this lifestyle center located?
    The property is located at 3607 68Th St Caledonia, MI.
    What is the asking price?
    The asking price for this property is $1,355,785.
    What are key features of this property?
    This property features: Absolute NNN lease; zero landlord responsibilities.; 2013 Dollar General build-to-suit.; 9,301 square-foot building on 1.83 acres.
    Request Owner's contact information
    3607 68Th St Caledonia, MI 49316
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3607 68Th St Caledonia, MI 49316
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