Absolute NNN Retail
For Sale
Contact for pricing
3920 28th St SE, Grand Rapids, MI 49512
Standalone Red Lobster on a 2.00-acre parcel with a 25-year absolute triple-net lease through July 31, 2039.
Property Size8,530 SF
Lot Size2.00 Acres
Days on Market121
Property Features for 3920 28th St SE
General Information
Standard status
Active
Size
8,530 SF
Lot size
2.00 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 1:55PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present an exclusive listing for a Red Lobster located at 3920 28th Street S.E. The property includes approximately 8,530 rentable square feet of building space on an estimated 2.00-acre parcel of land.
The restaurant is subject to a 25-year absolute triple-net (NNN) lease, which expires on July 31, 2039. Annual rent is stated as $260,976 on August 1, 2021, and is scheduled to increase by 2.00% annually throughout the base term and in each of the four (4), five-year renewal options.
The restaurant is subject to a 25-year absolute triple-net (NNN) lease, which expires on July 31, 2039. Annual rent is stated as $260,976 on August 1, 2021, and is scheduled to increase by 2.00% annually throughout the base term and in each of the four (4), five-year renewal options.
Key Highlights
- Standalone Red Lobster at 3920 28th Street S.E., Grand Rapids, MI on an estimated 2.00‑acre parcel
- 8,530 rentable SF building on the site
- 25‑year absolute triple‑net (NNN) lease through July 31, 2039
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,196
Businesses Nearby
537k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 35%
Shops & Services 34%
Dining 15%
Home Improvements & Furnishings 9%
Five Below
Shops & Services
35,601 visits/mo
0.4 miles
Burlington
Apparel
34,702 visits/mo
0.1 miles
World Market
Home Improvements & Furnishings
31,531 visits/mo
0.3 miles
Dunham's Sports
Apparel
29,586 visits/mo
0.4 miles
Marshalls
Apparel
29,563 visits/mo
0.1 miles
Demographics for 49512, MI
18,558
Population
8,870
Households
2.1
Avg Household Size
33
Median Age
38%
College-Educated
91%
High-School Grad
23.0 sq mi
ZIP Area
807
Density / Sq Mi
$70,955
Median Household Income
$41,538
Median Earnings
$1,229
Median Rent
$279,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Standalone Red Lobster on a 2.00-acre parcel with a 25-year absolute triple-net lease through July 31, 2039.
Where is this nnn property located?
The property is located at 3920 28th St SE Grand Rapids, MI.
What are key features of this property?
This property features: Standalone Red Lobster at 3920 28th Street S.E., Grand Rapids, MI on an estimated 2.00‑acre parcel; 8,530 rentable SF building on the site; 25‑year absolute triple‑net (NNN) lease through July 31, 2039
