Grand Rapids MSA | Three Tenant Center | $193 Price Per Square Foot

Agent Info

Evan Lyons

248.702.0298
elyons@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

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Offering Information

4174 Alpine Ave NW
Alpine Township, MI 49321

  • Price: $2,333,000
  • Cap. Rate: 7.5%
  • NOI: $174,970
  • Building Size: 12,048SF
  • Lot Size: 1.64 AC

Investment Highlights

  • Newer 2007 Construction Class A Retail Center
  • The center is 100% occupied - Upside in Scheduled Rent Escalations
  • Brand New Five Year Lease Extension with Art Van Pure Sleep
  • Current Rents At or Below Market Rents - Low Cost Per Foot
  • Ease of Management - All Tenants Operate on Net Leases
  • Professionally Managed and Maintained Since Construction
  • Opportunity to Develop Additional Parking on Site (17 Surface Spaces) See Pg. 7
  • Solid Tenant Mix - Art Van Pure Sleep, El Burrito Mexican Restaurant, and Great Lakes Out-post
  • Positioned directly across the street from Walmart Super Center, Menards, and Sam’s Club
  • Phenomenal Location on Heavily Traveled Alpine Avenue NW
  • Alpine Township is a Suburb of Grand Rapids
  • Excellent Demographics - Population Growth and Household Income All Well Above Nation-al and State Averages
  • Five Mile Population in Excess of 133,000 with an Average Household Income Over $60,000