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4901-4923 28th St SE
Grand Rapids, MI 49512
Total Wine | Crunch Fitness · Retail Property For Sale
Investment Highlights
- Michigan's FIRST And BUSIEST Total Wine & More Location | Brand New 10-Year Corporate Lease | 6-Years Remaining
- Crunch Fitness Signed A New 10-Year Lease W/ Increases In Base Term & Option Periods
- High-Profile Retail Asset Located In The Prestigious East Grand Rapids Sub-Market | Affluent And Thriving Market
- Minimal Landlord Responsibilities | New Roof (2021) W/ Warranty & All New HVAC Servicing The Total Wine Space
- National Destination Tenancy — Crunch Fitness & Total Wine & More | Both Tenants Are Top-Performing National Brands That Drive Heavy
- Positioned Along 28th Street SE And Accessible From Patterson Ave | Combined Traffic Counts Exceed 65,283+ VPD
Executive Summary
Michigan's FIRST And BUSIEST Total Wine & More Location | Brand New 10-Year Corporate Lease | 6-Years Remaining
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
73,821 SF
Building Class
B
Year Built/Renovated
1995/1998
Price
$14,850,000
Price Per SF
$201.16
Cap Rate
6.75%
NOI
$1,002,381
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.92
Lot Size
1.84 AC
Zoning
C2 - General retail
Parking
225 Spaces (3.05 Spaces per 1,000 SF Leased)
Frontage
200’ on 28th St SE
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 41-19-07-353-028 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,654,700 |
Property Taxes
Parcel Number
41-19-07-353-028
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,654,700
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