Historical Retail Sale Listing - Starbucks & Wells Fargo Retail Center

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Starbucks & Wells Fargo Retail Center

2757 East Beltline, Grand Rapids, MI 49546

N/A

9,613 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
9,613 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Free Standing Bldg
Retail (Other)
Neighborhood Center
Property Use Type:
Net Lease Investment with
7 years left on lease
Cap Rate:
8.02%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
4.91 AC
Listing ID
16168653
Last Updated
over 1 year ago

Description

Marcus & Millichap is pleased to offer for sale the Shops at the Plaza, a 9,613-square foot Starbucks anchored strip center located in Grand Rapids, Michigan.

The Shops at the Plaza is a Class A strip center situated in a Class A+ location, situated on the pad of the 1.2 million square foot Woodland Mall in one of West Michigan's largest retail trade areas. It also lies adjacent to the 800,000-square foot Centrepointe Mall, a brand new freestanding Lowe's Home Improvement Store and a freestanding Best Buy.

This center is 100% economicallyoccupied by national tenants and boasts Starbucks (with a drive thru) as the anchor. The other tenants include Jimmy Johns, Wells Fargo and Sports Clips. All tenants are operating under brand new NNN leases, with the only landlord responsibility being capital replacements of the roof and structure.

Grand Rapids, MI

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Created 3/27/2009