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7500 Cottonwood Dr 91,361 SF 100% Leased Retail Building Jenison, MI 49428 $6,450,000 ($70.60/SF) 8.24% Cap Rate
Investment Highlights
- 100% occupied center with long term, stable tenants
- Visible from Chicago Avenue across from very busy Meijers
Executive Summary
100% occupied shopping center strategically located in the Grand Rapids MSA
Long-Term Tenants in Place. Room to expand the shopping center or create an outlot
Across the street from Meijer's Supermarket
$ 531,434 of Net Operating Income
Long-Term Tenants in Place. Room to expand the shopping center or create an outlot
Across the street from Meijer's Supermarket
$ 531,434 of Net Operating Income
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
91,361 SF
Building Class
C
Year Built/Renovated
1990/2024
Price
$6,450,000
Price Per SF
$70.60
Cap Rate
8.24%
NOI
$531,434
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.24
Lot Size
8.64 AC
Zoning
CS - Commercial Zoning.
Outlot permitted.
Room to enlarge the shopping center footprint
Parking
250 Spaces (2.94 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 70-14-13-402-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,427,500 |
Property Taxes
Parcel Number
70-14-13-402-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,427,500
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7500 Cottonwood Dr
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