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Dick's Sporting Goods | Corp NN 5600 Harvey St 45,000 SF 4-Star Retail Building Muskegon, MI 49444 $3,629,000 ($80.64/SF) 7.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • New Lease Extension | Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • Anchor Tenant at The Lakes Mall (645,000 SF Retail) | Primary Retail Corridor | Nearby National Credit Tenants
  • NN Lease | Fee Simple Ownership | Buyer Subdivision | Minimal Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Dick’s Sporting Goods investment property located in Muskegon, MI. The tenant, Dicks Sporting Goods, Inc., has 4-years remaining of lease term with a four (5-year) option to extend. The lease features a $.25/SF rental increase at the beginning of each 5 year option, growing NOI and providing a hedge against inflation. The lease is NN, with the Landlord responsible for the roof, structure, and liability insurance. Dick’s has enjoyed over 20 years of operating history at this location, having moved to the mall in 2004 and recently exercised a five-year extension, showing their commitment to the site. Dick’s is a junior anchor to the The Lakes Mall and is not yet parcelized. A buyer will be responsible for subdividing the property at their cost during escrow.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
45,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
2000/2004
Price
$3,629,000
Price Per SF
$80.64
Cap Rate
7.75%
NOI
$281,250
Tenancy
Single
Building Height
1 Story

AMENITIES

  • Dedicated Turn Lane
  • Signage

NEARBY MAJOR RETAILERS

7 Brew Coffee
Red Robin Gourmet Burgers And Brews
Buffalo Wild Wings
Meijer
Red Lobster
Bob Evans
Big Boy
Olga's Kitchen
Huntington National Bank
Texas Roadhouse
  • Listing ID: 38242841

  • Date on Market: 10/28/2025

  • Last Updated:

  • Address: 5600 Harvey St, Muskegon, MI 49444

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