LL Flooring – Lumber Liquidators

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LL Flooring – Lumber Liquidators

4260 28th St SE Kentwood MI Kent County

Sales Price: $1,292,000

Cap Rate: 6.50%

Lease Expiration: 1/31/2030

Contact Person(s): Daniel Kukes
Jason Greenspan
Maxwell Lippitt

Description:

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.

Building Size: 8,400 SF

Lot Size: 1.22 AC

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 6,649 51,206 152,519
Avg. HH Income: $56,963 $95,713 $101,236

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.