$1,530,000 USD
248-579-5045
1620 E Apple Ave
Muskegon, MI 49442
E Muskegon/Norton Shores
HIGHLIGHTS
- Long-Term Occupancy Since 1989 with 9 +/- Years Remaining
- Absolute NNN Ground Lease structure (Zero Landlord Responsibilities)
- Two (2%) Percent Annual Rental Increases
- Corporate Guarantee from Bob Evans Restaurants, LLC 440 Corporate Locations)
- Strong Real Estate Fundamentals (Outparcel to Aldi & Dollar Tree)
- Very Strong Traffic Counts & Dense Retail Corridor
FOR SALE DETAILS
PRICE
$1,530,000 USD
PRICE/SF
$255 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C1
APN/PARCEL ID
10-022-300-0010-00
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248-579-5045
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248-579-5045
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