$14,850,000 USD
248-702-0288
4901-4923 28th St SE
Grand Rapids, MI 49512
Outer Kentwood/Wyoming
HIGHLIGHTS
- Michigan's FIRST And BUSIEST Total Wine & More Location | Brand New 10-Year Corporate Lease | 6-Years Remaining
- Minimal Landlord Responsibilities | New Roof (2021) W/ Warranty & All New HVAC Servicing The Total Wine Space
- Crunch Fitness Signed A New 10-Year Lease W/ Increases In Base Term & Option Periods
- National Destination Tenancy — Crunch Fitness & Total Wine & More | Both Tenants Are Top-Performing National Brands That Drive Heavy
- High-Profile Retail Asset Located In The Prestigious East Grand Rapids Sub-Market | Affluent And Thriving Market
- Positioned Along 28th Street SE And Accessible From Patterson Ave | Combined Traffic Counts Exceed 65,283+ VPD
FOR SALE DETAILS
PRICE
$14,850,000 USD
PRICE/SF
$201 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Total Wine | Crunch Fitness
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
225
LAND DETAILS
CROSS STREETS
28th Street and Patterson Ave
LAND ACRES
1.84 AC
LAND SF
80,000 SF
ZONING
C2
APN/PARCEL ID
41-19-07-353-028
ASK ABOUT THIS PROPERTY
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248-702-0288
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248-702-0288
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