4340 Kenowa Ave SW - Restaurant FOR SALE


Grandville, MI 49418
$4,096,200 USD
404-504-7900
4340 Kenowa Ave SW, Grandville, MI for Sale
$4,096,200 USD
Restaurant - FOR SALE
1/6
null | 5.75% Cap Rate

4340 Kenowa Ave SW
Grandville, MI 49418


HIGHLIGHTS

  • Absolute NNN Lease with Annual Rent Increases
  • Strong Performance | Low Rent-To-Sales Ratio
  • Top-Visited Location | #3 Cracker Barrel in the State of Michigan
  • Excellent Interstate Access & Visibility | I-196 (50,267 VPD)
  • 10.3 Miles from Downtown Grand Rapids, MI
  • Grand Rapids-Wyoming-Kentwood, MI MSA (Population: 1.17M+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 9,680-square-foot Cracker Barrel Old Country Store positioned on 3.60 acres in Grandville, Michigan — part of the Grand Rapids-Wyoming-Kentwood, MI MSA (MSA Population: 1.17M+). Cracker Barrel's absolute NNN lease features ±14.9 years of primary term remaining with 1% annual rent increases throughout the remainder of the term and in each of the ten, 5-year renewal options (six fixed renewal terms, followed by four FMV renewal terms).

FOR SALE DETAILS

PRICE

$4,096,200 USD

PRICE/SF

$423 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cracker Barrel: Grandville, MI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

154

LAND DETAILS

CROSS STREETS

44th St

LAND ACRES

3.6 AC

LAND SF

156,816 SF

ZONING

C-5

APN/PARCEL ID

41-17-19-351-012

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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