NNN Convenience
2134 Alpine Ave NW, Walker, MI 49544
For Sale
Contact for pricing
A newly constructed Casey’s location is occupied under an absolute NNN lease with scheduled rent increases and renewal options.
Property Size5,692 SF
Lot Size1.40 Acres
Price / SF$1,348
Days on Market25
Property Features for 2134 Alpine Ave NW
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Traffic Count
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License #GA 349355
(404) 504-7893
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 5:25PM
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 CBRE - Atlanta
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Investment Insights
Based on property information with market context.
Completed in 2023, this 5,692-square-foot convenience retail property occupies 1.40 acres in Walker, Michigan. Casey’s Retail Company, a subsidiary of Casey’s General Stores, leases the site on an absolute NNN basis. The agreement runs through 12/31/2037 and includes 7.50% rent increases in 2028 and 2032, followed by five five-year renewal options, each with a 5% increase during the option period.
The property fronts Alpine Ave NW, where traffic counts are approximately 15,895 vehicles per day. The site is within the Walker/Grand Rapids market, with more than 200,000 residents within five miles.
The property fronts Alpine Ave NW, where traffic counts are approximately 15,895 vehicles per day. The site is within the Walker/Grand Rapids market, with more than 200,000 residents within five miles.
Key Highlights
- 5,692‑square‑foot convenience retail property on 1.40 acres
- Completed in 2023
- Absolute NNN lease to Casey’s Retail Company
Property Analytics
Current Use
Lease Details
15,895 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Great Lakes Ace
Home Improvements & Furnishings
6,579 visits/mo
0.4 miles
Demographics for 49544, MI
9,514
Population
4,195
Households
2.3
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
19.9 sq mi
ZIP Area
478
Density / Sq Mi
$69,706
Median Household Income
$43,785
Median Earnings
$1,119
Median Rent
$247,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - A newly constructed Casey’s location is occupied under an absolute NNN lease with scheduled rent increases and renewal options.
Where is this nnn property located?
The property is located at 2134 Alpine Ave NW Walker, MI.
What is the asking price?
The asking price for this property is $7,676,190.
What are key features of this property?
This property features: 5,692‑square‑foot convenience retail property on 1.40 acres; Completed in 2023; Absolute NNN lease to Casey’s Retail Company
