12380-12386 Felch St - Retail FOR SALE


Holland, MI 49424
$5,520,662 USD
561-602-8390
12380-12386 Felch St, Holland, MI for Sale
$5,520,662 USD
Retail - FOR SALE
1/5
null | 7.25% Cap Rate

12380-12386 Felch St
Holland, MI 49424


HIGHLIGHTS

  • Early 10-year Hobby Lobby lease extension showing a strong commitment to the location
  • Easy access to US Highway 31 and I-196
  • Recent 10-year lease extension with Furniture & Mattress Warehouse
  • Heavy retail corridor with Lowes, Walmart, and Meijer nearby

OVERVIEW

The Twist Capital Team of Colliers is pleased to offer for sale, to qualified investors, the opportunity to acquire this two-tenant asset located in Holland, Michigan. Early 10-Year Lease Extension from Hobby Lobby showing a long-term commitment to the site. Excellent cap rate for a long-term credit tenant. West Shore Plaza II is located off of US Highway 31, a major north-south corridor through western Michigan. It is situated in an area with a well-balanced mix of retail, hospitality, and residential, including Westshore Mall, immediately to the south of the property.

FOR SALE DETAILS

PRICE

$5,520,662 USD

PRICE/SF

$68 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Year Hobby Lobby

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

689

LAND DETAILS

CROSS STREETS

US-31

LAND ACRES

6.31 AC

LAND SF

274,864 SF

ZONING

C-2

APN/PARCEL ID

70-16-16-400-047

ASK ABOUT THIS PROPERTY

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

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