Convenience Store with Absolute NNN
4800 44th Street SW, Grandville, MI 49418
For Sale
Contact for pricing
Casey's Retail Company occupies the property under an absolute NNN lease.
Property Size4,067 SF
Lot Size1.93 Acres
Price / SF$2,351
Days on Market25
Property Features for 4800 44th Street SW
General Information
Standard status
Size
Lot size
Property subtype
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 4:29PM
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 4,067-square-foot convenience store occupies a 1.93-acre parcel at 4800 44th Street SW in Grandville. Casey's Retail Company, a wholly owned subsidiary of Casey's General Stores, Inc., is the tenant under an absolute NNN lease, with the term scheduled through December 31, 2037. The agreement includes four renewal options and rent increases of 7.50% in 2028 and 2032, with additional 5% increases during the options.
The site fronts 44th Street SW, where reported daily traffic ranges from 34,513 to 43,652 vehicles. The property is in the Grand Rapids MSA. Its stated cap rate is 5.25%.
The site fronts 44th Street SW, where reported daily traffic ranges from 34,513 to 43,652 vehicles. The property is in the Grand Rapids MSA. Its stated cap rate is 5.25%.
Key Highlights
- 4,067‑square‑foot convenience store completed in 2023
- 1.93‑acre site at 4800 44th Street SW in Grandville
- Absolute NNN lease to Casey's Retail Company through December 31, 2037
Property Analytics
Who owns this building?
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Current Use
Lease Details
43,652 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
224k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 53%
Dining 28%
Shops & Services 15%
Hotels & Casinos 3%
Walmart
Superstores
119,407 visits/mo
0.1 miles
Cracker Barrel Old Country Store
Dining
22,511 visits/mo
0.2 miles
Kum & Go
Shops & Services
22,297 visits/mo
0.1 miles
Burger King
Dining
16,285 visits/mo
0.2 miles
Panera Bread
Dining
16,006 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Casey's Retail Company occupies the property under an absolute NNN lease.
Where is this grocery and convenience store located?
The property is located at 4800 44th Street SW Grandville, MI.
What is the asking price?
The asking price for this property is $9,561,905.
What are key features of this property?
This property features: 4,067‑square‑foot convenience store completed in 2023; 1.93‑acre site at 4800 44th Street SW in Grandville; Absolute NNN lease to Casey's Retail Company through December 31, 2037
