5180 37th Ave SW - Auto Repair FOR SALE


Hudsonville, MI 49426- Blendon/Georgetown/Jamestown
$3,600,000 USD
332-345-4185
5180 37th Ave SW, Hudsonville, MI for Sale
$3,600,000 USD
Auto Repair - FOR SALE
1/2
null | 5.75% Cap Rate

5180 37th Ave SW
Hudsonville, MI 49426
Blendon/Georgetown/Jamestown


HIGHLIGHTS

  • Corporate Guarantee from GreatWater 360 Auto Care
  • Strong Demographics and Growing Population Base
  • Near Downtown Grand Rapids
  • Dense Academic Region | 3,700+ Students

OVERVIEW

Surmount is pleased to present the exclusive listing for a GreatWater Garage located at 5180 37th Avenue, Hudsonville, MI 49426. The site consists of roughly 16,500 rentable square feet of building space on an estimated 1.60 -acre parcel of land. This GreatWater Garage is subject to a 20-year Triple Net (NNN) lease, which will commence upon the close of escrow. The annual rent will be $207,600 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$438 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GreatWater Garage

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Chicago Dr

LAND ACRES

1.6 AC

LAND SF

69,776 SF

ZONING

CBD-2

APN/PARCEL ID

70-14-32-328-016

ASK ABOUT THIS PROPERTY

Alexandre MariettoSurmountMore Info
332-345-4185

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Alexandre MariettoSurmountMore Info
332-345-4185

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