2739 Breton Rd SE - Freestanding FOR SALE


Grand Rapids, MI 49546- East Grand Rapids
$1,844,550 USD
616-295-8591
2739 Breton Rd SE, Grand Rapids, MI for Sale
$1,844,550 USD
Freestanding - FOR SALE
1/11
null | 4.74% Cap Rate

2739 Breton Rd SE
Grand Rapids, MI 49546
East Grand Rapids


OVERVIEW

NorthStar is pleased to present a multi-tenant neighborhood center at 2739 Breton Rd SE. There is over 6,000 SF of prime retail/office space conveniently located on the corner of 28th St and Breton Rd adjacent to Shell Gas Station, Wendy’s, and Tile World. This Spot offers great vehicle and foot traffic as well as easy access to and from Breton & 28th St. In addition, the main tenant Mr. & Mrs. Crab is signed to a long-term lease that expires in 7 years. The building underwent a half million dollars in renovations in the year 2018. Proforma rent is $177,394 at market rate and 100% occupancy. If valued at an 8% CAP this property is worth $2,217,425. You’re buying a deal that is 17% discounted and has a tremendous amount of upside through lease up. Please contact the listing agents for additional information or to set up a showing today!

FOR SALE DETAILS

PRICE

$1,844,550 USD

PRICE/SF

$149 USD /SF

CAP RATE

4.74%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Columbia Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

CROSS STREETS

28th Street and Breton Road

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

C2

APN/PARCEL ID

41-18-09-476-038

ASK ABOUT THIS PROPERTY

Jack VanGesselNorth Star Commercial LLCMore Info
616-295-8591

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Jack VanGesselNorth Star Commercial LLCMore Info
616-295-8591

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