13645 Ironwood Dr NW, Grand Rapids, MI 49544

GRAND RAPIDS, MI | ONE OF THE FASTEST-GROWING CITIES IN THE MIDWEST
• Part of the Grand Rapids–Kentwood MSA (1.1M+ population), recognized for its strong manufacturing, healthcare, and education sectors.
• Known as the “Furniture City,” Grand Rapids is home to Steelcase, Herman Miller, and Haworth, with advanced manufacturing and design supporting tens of thousands of jobs.
• Spectrum Health (Corewell Health), Meijer, and Amway anchor the region’s economy, while medical and life sciences research continues to expand around the “Medical Mile.”
• Gerald R. Ford International Airport handles over 3.7M passengers annually, fueling logistics, commerce, and regional connectivity.
• Education and workforce are supported by Grand Valley State University (22,011 students), Calvin University (3,681 students), Aquinas College (1,295 students), and more.
• Grand Rapids is considered one of the fastest-growing cities for jobs and young professionals, having been named the #1 “City on the Rise” in LinkedIn’s 2025 ranking.

POSITIONED ON SIGNALIZED CORNER OFF INTERSTATE 96 (46,018 VPD)
• Strategically located off Interstate 96, connecting Grand Rapids and Detroit.
• I-96 is the primary east–west corridor connecting the Lower Peninsula of Michigan to Detroit, with traffic counts of 46,018 VPD.
• The subject property is located at a signalized intersection at Ironwood Dr & Johnson St.

STRONG INDUSTRIAL POCKET & NEAR MAIN RETAIL CORRIDOR
• The subject property is located in an industrial pocket that includes 1.8M SF of industrial space within a 1-mile radius.
• The property is less than 3 miles from the Meijer Corporate Office. Meijer employs over 70,000 people and is the leading grocer in the Midwest with over 270 locations.
• This Dollar General is located 10 minutes from Grand Rapids’ main retail corridor, featuring national tenants including Target, Best Buy, Sam’s Club, Panera Bread, Chipotle, and more.

AFFLUENT MARKET | 3-MILE HHI $106,849 WITH 9.70% POPULATION GROWTH
• Grand Rapids is one of the fastest-growing cities in the Midwest, with a 3-mile average household income of $106,849 and 9.70% population growth.
• Directly across from new multifamily development built in 2021 (64 units).

15-YEAR CORPORATE NNN LEASE WITH INCREASES IN INITIAL TERM & OPTIONS
• The subject property has a new corporate-guaranteed NNN lease with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• There are 5% rent increases in the initial lease term and in each of the five 5-year option periods.

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 over 21,000 locations and plans to open 575 new stores in the U.S. and 15 in Mexico.
• Dollar General has been in business for 86 years and has a current net worth exceeding $18.16 billion.