194 S Main | Cedar Springs, MI 49319
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194 S Main
Cedar Springs, MI 49319
GPM Investments - 3,200 Unit Operator · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute triple net (NNN) lease with zero landlord responsibilities and approximately 13 years of term left
- Offers 2% annual bumps and 4 x 5 year options
- Multiple points of access for easy ingress/egress
- Lease features a corporate guaranty from GPM Investments, LLC
- Strategically located on a hard corner of an intersection in the center of town
- Site located less than 1-mile from Interstate 131, which sees nearly 36,000 VPD
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,145 SF
Building Class
C
Year Built
1965
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.40 AC
Zoning
B-2
Parking
8 Spaces (6.99 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 41-03-30-361-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $115,100 |
PROPERTY TAXES
Parcel Number
41-03-30-361-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$115,100
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