Multi-Tenant Retail
1125 S Beacon Boulevard, Grand Haven, MI 49417
For Sale
$1,300,000
Pending
Two national tenants and one local business hold triple-net leases in the center.
Property Size6,000 SF
Days on Market9
Property Features for 1125 S Beacon Boulevard
General Information
Standard status
Size
Additional Details
Tenant in Place
Amenities
true
6
1
Broadband
Real Estate
0.69
158x192
false
Paved
6000
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Greenridge - Nexes
(231) 578-0580
Listed By:
Michael J Lonnee · License #6501290296
(231) 739-3501
Source:
Moayyerrealestate
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 6 at 9:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenridge - Nexes
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,000-square-foot strip retail center at 1125 S Beacon Boulevard in Grand Haven has three tenants: two national operators and one local business. The leases are structured as triple net, and the building was updated recently.
Built in 1980, the center is located in Grand Haven’s business district.
Built in 1980, the center is located in Grand Haven’s business district.
Key Highlights
- 6,000‑square‑foot strip retail center
- Three tenants: two national operators and one local business
- All leases are triple net
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,285
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,245,700
$1.2M
Cap Rate 7%
$889,786
$889.8K
Cap Rate 9%
$692,056
$692.1K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$92.9K $15.48/SF
− Vacancy
−$3.9K −$0.65/SF
EGI
$89.0K $14.83/SF
− OpEx
−$26.7K −$4.45/SF
NOI
$62.3K $10.38/SF
Area
Ottawa County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,245,700
Cap Rate 7%
$889,786
Cap Rate 9%
$692,056
Alternative Uses
Best Use
Retail
$889.8K
$778.6K – $1.04M
NOI $62,285 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$74.61M
$65.29M – $87.05M
NOI $5,222,814 @ 7.0% cap · market cap 401.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
122k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 25%
Apparel 7%
Hotels & Casinos 4%
McDonald's
Dining
26,127 visits/mo
0.2 miles
Taco Bell
Dining
18,131 visits/mo
0.2 miles
Burger King
Dining
12,899 visits/mo
0.3 miles
Goodwill
Apparel
8,420 visits/mo
0.5 miles
KFC
Dining
7,705 visits/mo
0.2 miles
Demographics for 49417, MI
32,406
Population
14,709
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
95%
High-School Grad
46.9 sq mi
ZIP Area
691
Density / Sq Mi
$84,476
Median Household Income
$45,392
Median Earnings
$1,101
Median Rent
$287,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Two national tenants and one local business hold triple-net leases in the center.
Where is this strip mall located?
The property is located at 1125 S Beacon Boulevard Grand Haven, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,000‑square‑foot strip retail center; Three tenants: two national operators and one local business; All leases are triple net
