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12160 W Olive Rd
Grand Haven, MI 49417
Admiral Petroleum · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Long-Term Original 20-Year Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases of Two Percent (2.00%) Annually
  • Features High Visibility and Ease of Access
  • Approximately 15 Years Remaining
  • Four (4), Five (5)-Year Tenant Renewal Options
  • Benefits from Excellent Frontage along West Olive Road

PROPERTY FACTS

Property Type
Retail
Property Subtype
Service Station
Building Size
3,483 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.15 AC
Zoning
OVERLAY
Parking
12 Spaces (3.45 Spaces per 1,000 SF Leased)
Frontage
221’ on West Olive Road

ABOUT 12160 W OLIVE RD , GRAND HAVEN, MI 49417

The subject investment property is situated on West Olive Road, which boasts average daily traffic counts exceeding 35,600 vehicles respectively. There are more than 28,900 individuals residing within a five-mile radius of the property and more than 71,200 individuals within a ten-mile radius. The subject property benefits from being well-positioned and having great two-way visibility along West Olive Road. West Olive Road is the major thoroughfare that runs along the eastern shore of Lake Michigan. The subject property is located just minutes from the shores of the lake and all of the amenities that come along with it. Grand Haven Golf Club is located within the direct vicinity of the subject property and has been ranked as "One of the Nation's Top 50 Public Courses" for over 13 years, thus placing it in the top 1% of the nation's public courses. Grand Haven is a city in the U.S. state of Michigan and the county seat of Ottawa County. Grand Haven is located on the eastern shore of Lake Michigan at the mouth of the Grand River, for which it is named. The Grand Haven port community is an active beach resort with boating, fishing, sailing, biking, skating etc. along with connecting campgrounds and recreational areas. The city has over 100 miles of bike trails, a state beach, boardwalk, two lighthouses, a pier, wharf, large charter fishing fleet and a Great Lakes port, where it imports limestone, slag, cement and coal while exporting sand. Grand Haven is a destination point for residents of inland cities of West Michigan, as well as many from the other side of the state. Grand Rapidians regularly visit to take advantage of the close proximity to the Lake Michigan beaches, State campgrounds, restaurants, bars, attractions with many even owning cottages in the area as their home away from home. Grand Haven has been one of many technology leaders in West Michigan and throughout the country, having been featured in the national media, including on ABC, in PCWorld, ComputerWorld and Forbes magazine. The city was the first municipality in the country to feature a citywide wireless internet service. The wireless service is designed to work throughout the city and up to 15 miles offshore for boaters. In 2004, the city started offering wireless internet service for residents, businesses and visitors for payment on varying cost-time scales.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
70-07-15-400-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$228,000
  • Listing ID: 15801484

  • Date on Market: 4/22/2019

  • Last Updated:

  • Address: 12160 W Olive Rd, Grand Haven, MI 49417

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