4250 Lake Michigan Dr - Freestanding FOR SALE
Grand Rapids, MI 49534 |
4250 Lake Michigan Dr
Grand Rapids, MI 49534
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
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
7920
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
34
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
41-13-30-201-069
