9104 US Highway 31 Local commercial 988 m² 100 % Loué À vendre West Olive, MI 49460 1 805 452 € (1 826,48 €/m²) Taux de capitalisation 6,55 %

AFFLUENT MARKET ON LAKE MICHIGAN COAST | 5 MILE AVG HHI: $122,841
• The subject property is located in West Olive about 28 miles west of downtown Grand Rapids, MI near the Lake Michigan coast.
• The 5 mile average household income is $122,841 and the 5 mile population is 12,276 with 2.44% growth.
• West Olive is situated within Ottawa County, one of Michigan’s fastest-growing counties and a key contributor to the West Michigan economy.
• The property is located approximately 11 miles north of Holland and 11 miles south of Grand Haven, benefiting from access to two of Ottawa County’s largest population centers.
• Ottawa County’s economy is supported by manufacturing, agriculture, health care, logistics, and professional services, providing a stable employment base throughout the trade area.
SUPERIOR TRAFFIC COUNTS ON HIGHWAY 31 (26,493 VPD)
• This Dollar General is located on Highway 31 that supports 26,493 VPD
• Highway 31 is a primary transportation corridor connecting the Lake Michigan shoreline communities of Holland and Grand Haven.
GRAND RAPIDS MSA | ONE OF THE FASTEST-GROWING CITIES IN THE MIDWEST
• West Olive is located within the Grand Rapids MSA, the largest metropolitan area in West Michigan with a population of approximately 1.1 million residents.
• The regional economy is driven by advanced manufacturing, health care, corporate headquarters, higher education, and distribution.
• The MSA is home to Fortune 500 company SpartanNash, along with major employers such as Meijer, Corewell Health, Amway, MillerKnoll, Haworth, Bissell, and Wolverine Worldwide.
• Grand Rapids is internationally recognized as a center for office furniture manufacturing and serves as headquarters or a major operations center for several of the industry’s largest companies.
NEW 15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM
• The subject property has a new 15 year corporate guaranteed NNN lease with 5% rent increases every 5 years in the initial lease and options.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• This is a true NNN lease with no landlord responsibilities or expenses.
• This Dollar General is under construction and rent is scheduled to commence in August 2026.
INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• The company currently operates more than 21,000 locations and plans to open approximately 450 new stores in 2026.
• Dollar General has been in business for over 80 years and has a current net worth of approximately $18.16 billion.