This property is Off-Market

2757 East Beltline
Grand Rapids, MI 49546 ·

9,613 SF · Retail For Sale

N/A

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Starbucks & Wells Fargo Retail Center

Price N/A Cap Rate 8.02%
Gross Leasable Area 9,613 SF Occupancy 100%
Property Type Retail Tenancy Multiple
Property Sub-type
Strip Center
More...
  • Free Standing Bldg
  • Retail (Other)
  • Neighborhood Center
Lot Size 4.91 AC
Property Use Type Net Lease Investment with 7 years left on lease
Listing ID: 16168653 Date Created: 03/27/2009 Last Updated: 04/15/2009

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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2757 East Beltline, Grand Rapids, MI 49546 (Kent County)

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