Save A Lot Grocery
For Sale
$1,065,000
7434 Storey Rd, Belding, MI 48809
Grocery store with long-term lease and annual rent increases.
Property Size26,486 SF
Price / SF$40.21
Days on Market272
Property Features for 7434 Storey Rd
General Information
Standard status
Active
Size
26,486 SF
Property subtype
Retail
Building Details
Building Size
26,486 SF
Listing Agency:
SVN | Silveri Company
(616) 893-1398
Listed By:
Peter Colvin · License #6501197270
(616) 893-1398
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 13
Last Checked: Aug 20 at 4:54AM
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 SVN | Silveri Company
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Save-A-Lot
Groceries
4,405 visits/mo
0.2 miles
Demographics for 48809, MI
11,245
Population
4,612
Households
2.4
Avg Household Size
40
Median Age
17%
College-Educated
91%
High-School Grad
80.1 sq mi
ZIP Area
140
Density / Sq Mi
$67,172
Median Household Income
$38,610
Median Earnings
$839
Median Rent
$189,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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.
