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7434 Storey Rd Belding, MI 48809

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For Sale
$1,065,000

Grocery store with long-term lease and annual rent increases.

Property size:
26,486 SF

Property Features for 7434 Storey Rd

General Information

Size
26,486 SF

Source: Peter Colvin Agent Peter Colvin

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Save A Lot Grocery Store

This property features a Save A Lot grocery store, a long-standing business within the Belding and Greenville communities. The property, offered as a sale-leaseback opportunity, involves the experienced grocery operator, Jorgensen’s Inc, selling the land and building and leasing it back from the investor under an absolute triple net lease. The lease term is 15 years, with two 5-year renewal options, and an annual rent increase of 1%. The building spans 26,486 square feet and is situated on over 2.5 acres. It benefits from visible frontage and signage on M-91, a major highway connecting M-44 to M-57, linking Belding to Greenville. The Save A Lot is located just south of the Candlestone Golf Course. The annual rent is $3.02 per square foot. The property is located in Belding, a riverfront community approximately 25 miles northeast of Grand Rapids.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Save A Lot Grocery Store

Suggested Use

Restaurant Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store Kitchen & Bath

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Belding
County
Ionia
State
Michigan
Longitude
-85.260525
Latitude
43.098021

FAQs

What type of property is this?
Grocery and convenience store - Grocery store with long-term lease and annual rent increases.
Where is this grocery and convenience store located?
The property is located at 7434 Storey Rd Belding, MI.
What is the asking price?
The asking price for this property is $1,065,000.
What are key features of this property?
This property features: - Absolute triple net (NNN) lease provides long-term, passive income.; - 15-year base lease term with two 5-year renewal options offers a secure investment horizon.; - Annual rent increases of 1% ensures a growing income stream.
More about this property
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