LONG-TERM, PUBLICLY-TRADED CORPORATE TENANT:
- Lumber Liquidators (now called LL Flooring) is operating on a 10-year corporate lease at this site with rental increases through the base term and option periods. Lumber Liquidators Holdings (LL) trades on the NYSE.
STRONG OUTLOT POSITIONING:
- The subject property sits as an outlot to Kentwood Towne Center. Tenants include Dollar Tree, Hobby Lobby, Big Lots, Office Max, Sally Beauty, Bath and Body Works, and Buy Buy Baby.
EXCELLENT MARKET CORRIDOR:
- Kentwood, MI is a strong, growing community within the Grand Rapids, MI MSA. Within a 5-mile radius, the estimated population exceeds 152,000 people with an average household income of $101,236. Surrounding tenants in the marketplace include Car Max, Sam’s Club, Home Depot, Value City Furniture, Burlington, Marshalls, and Lowe’s Home Improvement.