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1730 28th St SW 2,238 SF Retail Building Grand Rapids, MI 49519 $2,461,538 ($1,099.88/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Experienced Franchisee Operator
- Dense Retail Trade Area
- Prime Frontage Location
- Excellent Accessibility
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Bojangles located at 1730 28th St SW, Wyoming, MI 49519. The site consists of roughly 2,238 rentable square feet of building space on an estimated 1.36-acre parcel of land. This Bojangles is subject to a 20-year Triple Net (NNN) lease, which commenced 7/31/2025. The current annual rent is $160,000 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,238 SF
Building Class
B
Year Built
2025
Price
$2,461,538
Price Per SF
$1,099.88
Cap Rate
6.50%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.36 AC
Zoning
C - Commercial
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 41-17-15-226-052 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $756,200 |
PROPERTY TAXES
Parcel Number
41-17-15-226-052
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$756,200
CONTACTS
-
Glen Kunofsky -
Ryan Sblendorio -
Kyle Karsian -
Andrew Darby -
Christopher Marks -
Surmount
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1730 28th St SW
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