2135 E Beltline Ave NE Grand Rapids, MI

Listing agency SRS Real Estate Partners | Detroit m***@srsre.com Show Phone

Listed by Michael Carter · License #6501369793 Show Phone

Source Moodyscre

Added: Apr 21, 2025 Updated: Jul 6 at 10:47AM Checked: Jul 21 at 5:46AM

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Investment Insights

Based on property information with market context.

This is an opportunity to acquire a fee simple interest (land & building ownership) in a net-net (NN) leased, three-tenant investment property. The property is located in Grand Rapids, Michigan. The property has tenants on new, 10-year leases with multiple 5-year options to extend. The leases are net-net (NN) with limited landlord responsibilities. All three leases have scheduled rental increases every 5 years throughout their initial terms and at the beginning of each option period.

Key Highlights

• New, long‑term (10‑year) leases with multiple 5‑year options demonstrate tenant commitment.
• Scheduled rental increases every 5 years provide growing Net Operating Income (NOI) and inflation hedging.
• NN leases with limited landlord responsibilities offer a low‑management, passive investment opportunity.

Property Analytics

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FAQs

What type of property is this?

Strip mall - NN leased, three-tenant investment property in Grand Rapids, Michigan.

Where is this strip mall located?

The property is located at 2135 E Beltline Ave NE Grand Rapids, MI.

What is the asking price?

The asking price for this property is $6,100,000.

What are key features of this property?

This property features: New, long‑term (10‑year) leases with multiple 5‑year options demonstrate tenant commitment.; Scheduled rental increases every 5 years provide growing Net Operating Income (NOI) and inflation hedging.; NN leases with limited landlord responsibilities offer a low‑management, passive investment opportunity.