$1,450,667 USD
248-702-0288
4250 Lake Michigan Dr
Grand Rapids, MI 49534
West Grand Rapids
HIGHLIGHTS
- Long-Term Commitment to Site with Tenant Having Over 14 Years at this Location
- Over 6 Years Remaining in Term with Three (3), 5-Year Renewal Options Available
- Strong 9% Rental Increase in First Option and 5% Rental Increase in Second and Third Options
- Positioned Along Lake Michigan Dr NW Which has Daily Traffic Counts Exceeding 30,900 Vehicles
- Situated within a Busy Retail Corridor and Surrounded by Multiple National Retailers Including Aldi, Chick-fil-A, Starbucks, Culvers, Meijer
- Corporate Guarantee | NYSE: AAP | S&P 600 Component
FOR SALE DETAILS
PRICE
$1,450,667 USD
PRICE/SF
$183 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
34
LAND DETAILS
LAND ACRES
0.96 AC
LAND SF
41,818 SF
ZONING
SDD
APN/PARCEL ID
41-13-30-201-069
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
248-702-0288
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
248-702-0288
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
