Casey’s Convenience
4560 Chicago Dr SW, Grandville, MI 49418
For Sale
Contact for pricing
The recently constructed store is leased on an absolute NNN basis with scheduled rent increases.
Property Size3,991 SF
Lot Size1.38 Acres
Price / SF$2,691
Days on Market25
Property Features for 4560 Chicago Dr SW
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
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 5:09PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this 3,991-square-foot convenience store occupies a 1.38-acre parcel in Grandville, Michigan. Casey’s Retail Company, a subsidiary of Casey’s General Stores, Inc., is the tenant under an absolute NNN lease. Approximately 16.9 years remain, with the current term extending through August 31, 2043. Contractual rent increases of 7.50% are scheduled for 2028, 2032, and 2037, followed by five renewal options of five years each, with 5% increases during each option term.
The property fronts Chicago Drive SW, where reported daily traffic counts are 14,413 and 25,176 vehicles. More than 142,000 residents live within five miles, and average household income in that radius exceeds $107,000. The property is in the Grand Rapids MSA.
The property fronts Chicago Drive SW, where reported daily traffic counts are 14,413 and 25,176 vehicles. More than 142,000 residents live within five miles, and average household income in that radius exceeds $107,000. The property is in the Grand Rapids MSA.
Key Highlights
- 3,991‑square‑foot store completed in 2023 on a 1.38‑acre site
- Casey’s Retail Company occupies the property under an absolute NNN lease
- Approximately 16.9 years remain on the lease, through 8/31/2043
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 94%
Shops & Services 6%
Starbucks
Dining
16,646 visits/mo
0.5 miles
Little Caesars Pizza
Dining
4,492 visits/mo
0.3 miles
Pak Mail
Shops & Services
1,440 visits/mo
0.4 miles
Demographics for 49418, MI
30,520
Population
12,801
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
1,606
Density / Sq Mi
$83,485
Median Household Income
$48,260
Median Earnings
$1,218
Median Rent
$296,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The recently constructed store is leased on an absolute NNN basis with scheduled rent increases.
Where is this grocery and convenience store located?
The property is located at 4560 Chicago Dr SW Grandville, MI.
What is the asking price?
The asking price for this property is $10,742,000.
What are key features of this property?
This property features: 3,991‑square‑foot store completed in 2023 on a 1.38‑acre site; Casey’s Retail Company occupies the property under an absolute NNN lease; Approximately 16.9 years remain on the lease, through 8/31/2043
