Located at 5603 Byron Center Avenue SW in Wyoming, Michigan, this net leased retail investment offers an opportunity to acquire a property positioned within one of the Grand Rapids area's established commercial corridors. The property is currently subleased to Dollar General and benefits from a NNN lease structure, providing a passive ownership profile with no stated landlord responsibilities. The lease extends through January 31, 2033, offering investors contractual occupancy and income visibility.
The property occupies a signalized corner location along Byron Center Avenue SW, providing visibility and accessibility within a corridor surrounded by national retailers including Walmart, Target, Lowe's, Home Depot, Starbucks, McDonald's, and other established commercial users. Its location near US-131 supports regional connectivity throughout the Grand Rapids metropolitan area, one of Michigan's major economic centers.
The surrounding area is supported by a diverse employment base spanning manufacturing, healthcare, logistics, retail, and professional services. Strong residential density, daytime population, and consumer spending characteristics contribute to the long-term viability of retail operations within the corridor. The combination of transportation access, established commercial development, and a large surrounding customer base supports the property's long-term investment appeal.
The offering is presented at a sale price of $3,989,783 with reported NOI of $369,055 and a 9.25% cap rate. According to the offering materials, the seller will provide a holiday rent credit at closing related to the lease's scheduled rent holiday period.