3280 Grand Ridge Dr - Day Care Center FOR SALE


Grand Rapids, MI 49525- North Grand Rapids
$3,333,000 USD
248-254-3406
3280 Grand Ridge Dr, Grand Rapids, MI for Sale
$3,333,000 USD
Day Care Center - FOR SALE
1/6
null | 7.5% Cap Rate

3280 Grand Ridge Dr
Grand Rapids, MI 49525
North Grand Rapids


HIGHLIGHTS

  • Situated in a strong corridor of Grand Rapids on high traffic route
  • Succesfull location with multiple lease extensions executed
  • Attractive rent growth (2% annualy)
  • Established customer base in a dense, growing market
  • Tenant has no remaining options to renew
  • Steel roof minimizes future capital expenditures

OVERVIEW

Fortis Net Lease is pleased to present the opportunity to acquire the single-tenant net leased Tutor Time located at 3280 Grand Ridge Dr NE in Grand Rapids. The offering consists of an approximately 10,000-square-foot purpose-built childcare facility situated on a 1.1-acre parcel in a well-established residential and retail corridor. The property benefits from strong surrounding demographics, excellent accessibility, and proximity to major thoroughfares serving the broader Grand Rapids metropolitan area.

FOR SALE DETAILS

PRICE

$3,333,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tutor Time

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

OR-PUD

APN/PARCEL ID

41-14-14-152-003

ASK ABOUT THIS PROPERTY

Robert BenderFortis Net LeaseMore Info
248-254-3406

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Robert BenderFortis Net LeaseMore Info
248-254-3406

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.