- For Sale $9,000,000
- Property Type Industrial - Manufacturing
- Property Size 100,000 SF
- Lot Size 6.6 Acre
- Property Tenancy Single Tenant
- Year Built 1954
- Date Updated Oct 7, 2026
- HVAC None
Description
Positioned in Big Rapids, the property benefits from a community anchored by industry, education, and regional connectivity. Home to Ferris State University, Big Rapids supports a steady workforce pipeline and brings year-round activity to the area. The city’s business environment is complemented by established employers, local services, and a practical operating landscape that appeals to industrial and manufacturing investors.
The surrounding area offers convenient access to everyday amenities, dining, and retail, while maintaining the efficiency and functionality associated with West Michigan industrial markets. Nearby Ferris State University and the Big Rapids business community contribute to a stable local presence, making the location well suited for investors seeking a foothold in an established regional market.Alpha Real Estate Advisors presents Original Footwear’s primary manufacturing facility in Big Rapids, MI. A ±100,000 SF industrial property on ±6.60 acres.
Offered at $9 million at an 8.06% cap rate, this investment features a new 20-year absolute NNN lease, a corporate guarantee, and 10% rent increases every five years, with effectively zero landlord responsibilities. Operating for over 30 years, this mission-critical facility supports footwear production for the U.S. military, law enforcement, and first responders.
Highlights
- Absolute NNN Lease Structure Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM), translating to truly passive income for investors with effectively zero landlord responsibilities.
- Attractive 8.06% Cap Rate Property is being offered at an attractive 8.06% cap rate, which translates to double-digit cash-on-cash returns at current market financing rates.
- Hedged Credit Risk Corporate Guarantee The lease is corporately guaranteed by Original Footwear Company Inc., tenant's parent company.
- Mission-Critical Manufacturing Facility The Property is Original Footwear's primary manufacturing facility and has been in operation for over 30 years.
- Newly Executed Long-Term Lease Tenant has committed to a brand new 20-year lease demonstrating strong commitment to the location.
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Contacts
Andrew McGuinness
Alpha Real Estate Advisors
Location
Contact Listing Broker
Andrew McGuinness
Alpha Real Estate Advisors