Building Details

Year Built 2018

Listing Agency: Marcus & Millichap | Phoenix Show Phone

Listed By: Chris Lind · License #SA627823000 Show Phone

Source: Moodyscre

Added: Sep 30 Changed: Oct 3 Last Checked: Oct 5 at 6:23PM

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Investment Insights

Based on property information with market context.

This 2,109-square-foot restaurant property was built in 2018 and includes a drive-through. Its NNN lease has 12 years remaining, with a corporate Arby’s guarantee. Rent increases by 10% every five years, and multiple renewal options are available.

The property is in the Grand Rapids MSA, with more than 47,000 residents within five miles. Grand Valley State University is one mile away and has more than 21,000 students.

Key Highlights

• 2,109‑square‑foot restaurant building constructed in 2018
• Drive‑through included
• 12 years remaining on NNN lease, backed by a corporate Arby’s guarantee

Property Analytics

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Current Use

Drive through restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Nail Salon Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

259

Businesses Nearby

146k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 64% Groceries 17% Shops & Services 8% Home Improvements & Furnishings 5%

Aldi Groceries

24,388 visits/mo 0.2 miles

McDonald's Dining

23,640 visits/mo 0.2 miles

Culver's Dining

18,118 visits/mo 0.1 miles

Taco Bell Dining

17,001 visits/mo 0.2 miles

Burger King Dining

9,694 visits/mo 0.4 miles

Demographics for 49401, MI

29,598

Population

9,083

Households

3.3

Avg Household Size

24

Median Age

41%

College-Educated

98%

High-School Grad

31.9 sq mi

ZIP Area

928

Density / Sq Mi

$73,020

Median Household Income

$16,175

Median Earnings

$1,083

Median Rent

$298,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Arby’s NNN Restaurant Property

5187 Lake Michigan Dr, Allendale, MI 49401

$2,378,000

2,109 SF

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11700 48th Ave, Allendale, MI 49401

$23,000,000

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Frequently Asked Questions

What type of property is this?

NNN property - A corporate-guaranteed NNN lease includes scheduled rent growth and multiple renewal options.

Where is this nnn property located?

The property is located at 5181 Lake Michigan Dr Allendale, MI.

What is the asking price?

The asking price for this property is $2,378,000.

What are key features of this property?

This property features: 2,109‑square‑foot restaurant building constructed in 2018; Drive‑through included; 12 years remaining on NNN lease, backed by a corporate Arby’s guarantee