3130 Alpine Ave NW - Retail FOR SALE
Grand Rapids, MI 49544 |
$8,145,000 USD
248-702-0288
3130 Alpine Ave NW
Grand Rapids, MI 49544
HIGHLIGHTS
- New Long-Term 15-Year Lease with Three, 5-Year Options Available
- Lease Features Strong 10% Rental Increases Every 5 Years Throughout the Term and in Each Option Offering a Hedge Against Inflation
- Positioned Along a Main Commercial Corridor Surrounded by a Plethora of National Retailers
- New McAlister's Deli Currently Being Developed Adjacent to the Subject Property Displaying Strong Continuous Economic Development in the Immediate Are
- Situated Along Alpine Avenue which is a Main North-South Thoroughfare Connecting the City of Walker to I-96 and US Route 131
- Excellent Visibility with Frontage and Signage Along Alpine Avenue | Traffic Counts Exceed 50,600+ Vehicles Per Day
FOR SALE DETAILS
PRICE
$8,145,000 USD
PRICE/SF
$178 USD /SF
CAP RATE
7.95%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Crunch Fitness
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
300
LAND DETAILS
LAND ACRES
5.56 AC
LAND SF
242,194 SF
ZONING
-
APN/PARCEL ID
41-13-01-301-003
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248-702-0288
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248-702-0288
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