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    632 16Th St Holland, MI 49423

    Sponsored
    For Sale
    $2,044,615

    High-yield auto service center investment.

    Property size:
    1,665 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 1,665 square foot Take 5 Oil Change located in Holland, Michigan, within the Grand Rapids MSA. Built in 2024, the property boasts a 100% occupancy rate with a 14.4-year remaining lease term (expiring March 30, 2039), featuring an absolute NNN lease structure. The tenant is a franchisee, providing strong creditworthiness and operational stability. The property enjoys a strategic location on a 0.7-acre corner lot, benefiting from high visibility and traffic volume exceeding 50,000 vehicles per day. Its proximity to major retailers like Meijer and Menards further enhances its appeal. The lease includes attractive rent bumps of 7.5% every five years, ensuring consistent income growth throughout the lease term and eight (8) five-year lease options, each with a 7.5% rent increase. The current Net Operating Income (NOI) stands at $132,900, yielding a compelling 6.50% capitalization rate. The asking price is $2,044,615, translating to a price per square foot of $1,228. This property is an ideal addition to any diversified investment portfolio, offering a strong combination of location, tenant quality, and financial performance. The property shares access with a neighboring 7Brew, and both properties are available for purchase. Holland State Park, a major tourist attraction drawing 1.5 to 2 million annual visitors, is also nearby.

    Property Features for 632 16Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,665 SF
    Lot Size
    30,492 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Units
    1

    HighLights

    • New 2024 construction in Take 5 development.
    • Rent increases every five years throughout the lease term and any option periods.
    • Corner lot with over 50,000 vehicles per day (VPD).
    • Excellent location between Meijer and Menards.
    • Prime location in Holland, MI (Grand Rapids MSA).
    • High visibility due to proximity to Holland State Park (1.5M‑2M annual visitors).
    Property Profile Location Intelligence

    Current Use by Public Records

    Take 5 Oil ... Oil Change Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.0797767
    Latitude
    42.7828612

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    FAQs

    What type of property is this?
    Individual retail property - High-yield auto service center investment.
    Where is this individual retail property located?
    The property is located at 632 16Th St Holland, MI.
    What is the asking price?
    The asking price for this property is $2,044,615.
    What are key features of this property?
    This property features: New 2024 construction in Take 5 development.; Rent increases every five years throughout the lease term and any option periods.; Corner lot with over 50,000 vehicles per day (VPD).
    Request Owner's contact information
    632 16Th St Holland, MI 49423
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    Holland, MI 49423
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    632 16Th St Holland, MI 49423
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