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Off Market
1/2

12380-12386 Felch St
Holland, MI 49424


HIGHLIGHTS


OVERVIEW

Fortis Net Lease is proud to present a Two-Tenant retail investment opportunity on Felch St just off US-31 Highway in Holland, MI The tenants, Hobby Lobby and Furniture Warehouse, have been in operation at this location for over ten (10) years. Furniture Warehouse signed a new ten (10) year lease in January 2017 with two (5) year options, while Hobby Lobby signed a ten (10) year lease in 2004 with three (5) year options. Hobby Lobby just exercised their second option period which expires on 8/31/2024. The tenant leases are double net in nature requiring minimal landlord responsibilities. The subject property is located along the area’s major retail corridor and is surrounded by many national tenants including: Kohl’s, Burlington, Dunhams, JC Penny, Bed Bath & Beyond, Dick’s, Walmart, Sam’s Club, Art Van Furniture, Discount Tire, Lowe’s, Aldi, Pet Supplies Plus, Best Buy, Michael’s, Meijer and many more.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Hobby Lobby - West Shore Plaza II

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

80953

STORIES

1

YEAR BUILT

1985

SPRINKLERS

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PARKING SPACES

689

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

70-16-16-400-047