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3455 Tanglewood
Muskegon, MI 49441
Muskegon, MI Art Van Furniture · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Air Conditioning
ABOUT 3455 TANGLEWOOD , MUSKEGON, MI 49441
Excellent NNN investment opportunity in this great community on the shores of Lake Michigan. Long-term national tenant, Art Van Furniture, has strong sales & 18 years remaining on this absolute net lease. Well located in a retail corridor with close proximity to major retailers such as Walmart and Meijer. Additionally, the former Kmart located (behind Art Van) has been approved for a mixed use redevelopment that will include multifamily, medical offices & retail. As an investor, appreciate the attractive 7.4 cap yield, along with annual rent bumps and sales reporting. Muskegon is the largest populated city on the western shores of Lake Michigan. It is a popular tourist destination with 26 miles of sugar-sand beaches. Muskegon is the county seat of Muskegon County & is located about 40 miles north & west of Grand Rapids. Art Van Furniture features classic furniture reinvented for modern living. The company was founded in 1959 by Art Van Elslander in Detroit, MI and he was the sole employee of the first store. Today Art Van Furniture has more than 190 stores in nine states.* *From ArtVan.com Listed in conjunction with Michigan broker DZ Net Lease Realty, LLC license 6505381227
PROPERTY TAXES
| Parcel Number | 27-107-100-0020-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $814,200 |
PROPERTY TAXES
