630 S State St
Big Rapids, MI 49307
Brand New 20 Year O'Reilly's Across From FSU · Retail Property For Sale

Marcus & Millichap is pleased to present for sale this Net Leased OReillys Auto Parts located at 360 South State Street, Big Rapids, Michigan in Mecosta County. The subject property consists of 7,225 square feet that is situated on a 1.21 acre parcel of land. There are 20 years remaining on a double-net (NN) lease where the landlord is responsible for roof and structure, parking lot maintenance and landscaping. The offering provides a flat rent for the first 10 years with six percent increases every five years after that and in each of the four option periods. Big Rapids is situated on the western edge of Mecosta County located in central Michigan. The city is located 55 miles north of Grand Rapids, Michigan, the state's second largest city. Big Rapids is situated off of US Route 131 which connects the north of the state to the south. Big Rapids is home to Ferris State University, one of the largest Universities in Michigan. Ferris University is known for its one of a kind PGA Golf Management program with over 1/3 of the graduates from that program taking on key roles in the golf industry. In 2016 the fall admissions for the school were at 14,187 students. The university has driven the economy of Big Rapids for over 100 years.