Save A Lot Grocery
7434 Storey Rd, Belding, MI 48809
Grocery store with long-term lease and annual rent increases.
Type:Retail
Property size:
26,486 SFPrice / SF:
$40/SF- Added:
- Nov 21, 2025
- Days on Market:
- 180
- Last Refresh:
- Apr 6 at 12:12 am
Property Features for 7434 Storey Rd
General Information
- Standard status
- Active
- Size
- 26,486 SF
- Property subtype
- Retail
Listing agent Peter Colvin License #6501197270 (616) 893-1398
Listing office SVN | Silveri Company (616) 893-1398
Listing date Nov 21, 2025
Source Svn
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All listing content including descriptions, pricing, images are the copyrighted material of SVN | Silveri Company
HighLights
- Absolute triple net (NNN) lease provides long‑term, passive income.
- 15‑year base lease term with two 5‑year renewal options offers a secure investment horizon.
- Annual rent increases of 1% ensures a growing income stream.
- Experienced grocery operator (Jorgensen’s Inc.) demonstrates a reliable tenant.
- Below market rent ($3.02/SF) presents potential for future rent increases.
- Strategic location on M‑91 with high visibility guarantees strong exposure.
Overview
This property features a Save A Lot grocery store, a long-standing business within the Belding and Greenville communities. The property, offered as a sale-leaseback opportunity, involves the experienced grocery operator, Jorgensen’s Inc, selling the land and building and leasing it back from the investor under an absolute triple net lease. The lease term is 15 years, with two 5-year renewal options, and an annual rent increase of 1%. The building spans 26,486 square feet and is situated on over 2.5 acres. It benefits from visible frontage and signage on M-91, a major highway connecting M-44 to M-57, linking Belding to Greenville. The Save A Lot is located just south of the Candlestone Golf Course. The annual rent is $3.02 per square foot. The property is located in Belding, a riverfront community approximately 25 miles northeast of Grand Rapids.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Save A Lot
Grocery & Convenience Store
Location Insight
- Map
- Local Demand
- City
- Belding
- County
- Ionia
- State
- Michigan
- Longitude
- -85.2605
- Latitude
- 43.098
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Grocery store with long-term lease and annual rent increases.
Where is this grocery and convenience store located?
The property is located at 7434 Storey Rd Belding, MI.
What is the asking price?
The asking price for this property is $1,065,000.
What are key features of this property?
This property features: Absolute triple net (NNN) lease provides long‑term, passive income.; 15‑year base lease term with two 5‑year renewal options offers a secure investment horizon.; Annual rent increases of 1% ensures a growing income stream.
