Meijer Shadow Center

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Meijer Shadow Center

2505 Alpine Ave NW Grand Rapids MI Kent County

Sales Price: $1,659,000

Cap Rate: 6.50%

Contact Person(s): Daniel H. Kukes
Kevin J, Baker
Louis J. Ciotti

Description:

Great Location / Credit Tenancy
Alpine Properties benefits from a line-up of tenants consisting of a strong national/regional credit tenant mix.
 
Excellent Access & Visibility
Prominently located along Alpine Avenue, Alpine Properties has excellent visibility, as well as accessibility, to the surrounding communities.

Secure Cash Flow
All of the leases feature attractive fixed renewal options with increases, which promote long term tenancy and further increase yield and security of this investment.

Building Size: 6,000 SF

Available Space: 0 SF

Zoning: Commercial

Demographic Info:

Radius: 3 Mile 5 Mile 10 Mile
Population Density: 82,161 185,593 464,044
Avg. HH Income: $62,793 $66,667 $77,888
Daytime Population: 56,776 130,950 286,815

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.