Log In/Sign Up
Your email has been sent.
5180 37th Ave SW
Hudsonville, MI 49426
GreatWater Garage · Retail Property For Sale
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 $207,600 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
1977/2025
Price
$3,600,000
Price Per SF
$218.18
Cap Rate
5.75%
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
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
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
