2817 Kraft Ave SE | Grand Rapids, MI 49512
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- LoopNet Team
2817 Kraft Ave SE
Grand Rapids, MI 49512
Absolute NNN - Bagger Dave's Burger Tavern · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – zero landlord responsibilities
- Attractive 10% increases every 5 years
- Hardcorner location across from Meijer grocery store and adjacent to Walmart Superenter
- Multi-unit operator
- Cap rate jumps to 7.15% on 7/1/2024
- Exceptional average household incomes ($119,320 in a 5-mile radius)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,281 SF
Building Class
B
Year Built/Renovated
1985/2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.59 AC
Zoning
B2
Parking
50 Spaces (7.52 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 41-19-18-226-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $544,100 |
PROPERTY TAXES
Parcel Number
41-19-18-226-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$544,100
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