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4250 Lake Michigan Dr
Grand Rapids, MI 49534
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- Long-Term Commitment to Site with Tenant Having Over 14 Years at this Location
- Strong 9% Rental Increase in First Option and 5% Rental Increase in Second and Third Options
- Situated within a Busy Retail Corridor and Surrounded by Multiple National Retailers Including Aldi, Chick-fil-A, Starbucks, Culvers, Meijer
- Over 6 Years Remaining in Term with Three (3), 5-Year Renewal Options Available
- Positioned Along Lake Michigan Dr NW Which has Daily Traffic Counts Exceeding 30,900 Vehicles
- Corporate Guarantee | NYSE: AAP | S&P 600 Component
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,920 SF
Building Class
C
Year Built/Renovated
1990/2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.96 AC
Zoning
SDD
Parking
34 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
148’ on Lake Michigan Dr
Amenities
- Signage
Property Taxes
| Parcel Number | 41-13-30-201-069 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $595,100 |
Property Taxes
Parcel Number
41-13-30-201-069
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$595,100
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