5603 Byron Center Ave SW - Drug Store FOR SALE


Wyoming, MI 49519
$3,989,783 USD
586-350-7538
5603 Byron Center Ave SW, Wyoming, MI for Sale
$3,989,783 USD
Drug Store - FOR SALE
1/7
null | 9.25% Cap Rate

5603 Byron Center Ave SW
Wyoming, MI 49519


HIGHLIGHTS

  • NNN lease structure with no stated landlord responsibilities.
  • Located at a signalized corner on Byron Center Avenue SW.
  • Subleased to Dollar General with lease expiration in 2033.
  • Positioned within an established national retail corridor.
  • Convenient access to US-131 and the Grand Rapids metro area.
  • Surrounded by major national retailers and daily consumer traffic.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,989,783 USD

PRICE/SF

$302 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS (Subleased to Dollar General)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

B1

APN/PARCEL ID

41-17-33-427-037

ASK ABOUT THIS PROPERTY

Jay DakhooElevate Net Lease AdvisorsMore Info
586-350-7538

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Jay DakhooElevate Net Lease AdvisorsMore Info
586-350-7538

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