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GreatWater Garage 5180 37th Ave SW 16,500 SF Retail Building Hudsonville, MI 49426 $3,450,000 ($209.09/SF) 6% Cap Rate
Investment Highlights
- Corporate Guarantee from GreatWater 360 Auto Care
- Near Downtown Grand Rapids
- Strong Demographics and Growing Population Base
- Dense Academic Region | 3,700+ Students
Executive Summary
Surmount is pleased to present the exclusive listing for a GreatWater Garage located at 5180 37th Avenue, Hudsonville, MI 49426. The site consists of roughly 16,500 rentable square feet of building space on an estimated 1.60 -acre parcel of land. This GreatWater Garage is subject to a 20-year Triple Net (NNN) lease, which will commence upon the close of escrow. The annual rent will be $207,000 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
16,500 SF
Building Class
C
Year Built/Renovated
1970/2025
Price
$3,450,000
Price Per SF
$209.09
Cap Rate
6%
NOI
$207,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.60 AC
Zoning
CBD-2
Frontage
119’ on 37th Ave
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 70-14-32-328-016 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $364,400 |
Property Taxes
Parcel Number
70-14-32-328-016
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$364,400
Contacts
-
Alexandre Marietto -
Francis Purritano -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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GreatWater Garage | 5180 37th Ave SW
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