Walmart-Adjacent Retail
3295 HENRY ST Muskegon, MI 49441
3295 HENRY ST, Muskegon, MI, 49441
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For Sale
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100% occupied, built in 2008 retail center anchored by a Walmart outparcel and includes a drive-thru end cap.
Property Size11,895 SF
Price / SF$307.02
Days on Market56
Property Features for 3295 HENRY ST
General Information
- Standard status
- Active
- Size
- 11,895 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agency
Encore Real Estate Investment Services
Listed by
Deno Bistolarides · License #BRKP.2020008390
Source
Crexi
Added: May 27 Updated: Jul 21 at 4:34AM Checked: Jul 21 at 4:34AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This built-in-2008 retail center offers 100% occupancy and is configured as a Walmart outparcel property. The development totals 11,895 SF on 1.41 acres and includes a drive-thru end cap. In-place tenancy features a mix of national and service-oriented uses, including AT&T, America’s Best Contacts & Eyeglasses, Sport Clips, Biggby Coffee, and Asian Express.
The property is positioned at 3295 Henry St in Muskegon and is located directly across from Meijer. It also provides prominent frontage along heavily traveled Henry Street as part of a dense retail corridor.
Leases include staggered expirations, with a majority of tenants operating under NNN lease structures. The current tenant mix and outparcel positioning support a stable, income-producing retail investment profile.
The property is positioned at 3295 Henry St in Muskegon and is located directly across from Meijer. It also provides prominent frontage along heavily traveled Henry Street as part of a dense retail corridor.
Leases include staggered expirations, with a majority of tenants operating under NNN lease structures. The current tenant mix and outparcel positioning support a stable, income-producing retail investment profile.
Key Highlights
- Retail center built in 2008 with 11,895 SF on 1.41 acres
- 100% occupied retail investment at 3295 Henry St, Muskegon, MI 49441
- Anchored as a Walmart Supercenter outparcel and located directly across from Meijer
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $225.5k | $18.96 |
| − Vacancy | −$5.9k | −$0.49 |
| EGI | $219.7k | $18.47 |
| − OpEx | −$65.9k | −$5.54 |
| NOI | $153.8k | $12.93 |
11,895 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.20M
$1.92M – $2.56M
NOI $153,766 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$111.71M
$97.74M – $130.32M
NOI $7,819,444 @ 7.0% cap · market cap 214.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Secretary of State Self-service Station — 700 W Norton Ave, Muskegon, MI 49441
- Roosevelt Park Towne Centre — 3355 Henry St, Norton Shores, MI 49441, United States
- Park Row Mall — 950 W Norton Ave, Muskegon, MI 49441
FAQs
What type of property is this?
Shopping center - 100% occupied, built in 2008 retail center anchored by a Walmart outparcel and includes a drive-thru end cap.
Where is this shopping center located?
The property is located at 3295 HENRY ST Muskegon, MI.
What is the asking price?
The asking price for this property is $3,652,000.
What are key features of this property?
This property features: Retail center built in 2008 with 11,895 SF on 1.41 acres; 100% occupied retail investment at 3295 Henry St, Muskegon, MI 49441; Anchored as a Walmart Supercenter outparcel and located directly across from Meijer
