5187 Lake Michigan Dr
Allendale, MI 49401
Retail Property For Sale

Optimal Lease Structure & Tenant - Brand New Arby’s - 2018 Construction with latest BTS prototype - Corporately guaranteed lease - 20-year base term with five (5), 5-year renewal options - 10% rent escalation every 5 years throughout entire lease - Triple net (NNN) lease with no landlord responsibilities Strategic Real Estate Location - Located within Grand Rapids-Muskegon-Holland CSA o 2nd largest CSA in Michigan - Less than 2 miles from Grand Valley State University o Total student enrollment of ±25k with 3,600 employees o Economic impact of ±$850 MM within the region - Nearby traffic generators include O’Reilly Auto Parts, Gerber Collision & Glass, PNC Bank, Tim Hortons, Taco Bell, etc. - Multiple points of ingress and egress Strong Market Demographics - Grand Rapids, MI MSA has a populations of ±1 MM - Ottawa County is 4th fastest growing county & 8th largest by population in the state - Explosive population growth since 2000 o 68% (1-mi), 77% (3-mi) & 53% (5-mi) - ±30k people in 5-mile radius with AHHI of ±$80k - Healthy employment rate of ±95% in 1,3 & 5-mile radius