2739 Breton Rd Grand Rapids, MI 49546
- Turn key restaurants
- 12,456 SF
- 1.34 lot acres
Current Use by Public Records
- IN Sujith3 / Thrift Store
- Mr. & Mrs. Crab Juicy Seafood & Bar / Seafood Restaurant
- Mr and Mrs crab / Seafood Restaurant
- Mr. and Mrs. Crab - Grand Rapids / Seafood Restaurant
Property Details for 2739 Breton Rd
- Year built
- 1963
- Lot size
- 1.34 lot acres
- Property size
- 12,456 SF
- Zone code
- SD-NOS
- Property type
- Turn key restaurants
- APN
- 41-18-09-476-038
- APU
- 411809476038
Description
This exceptional multi-tenant property in Grand Rapids, Michigan, presents a compelling investment opportunity. Located at 2739 Breton Rd SE, this two-story, 12,456 square foot building sits on a 1.34-acre lot and boasts 42 parking spaces. The property features a mix of restaurant and executive office space, currently operating at 100% occupancy with a Net Operating Income (NOI) of $87,394, representing a 4.74% cap rate. The asking price is $1,844,550, with a price per square foot of $148.09. A significant anchor tenant, Mr. & Mrs. Crab, is under a long-term lease with seven years remaining. The property benefits from its prime corner location at the intersection of 28th Street and Breton Road SE, adjacent to established businesses such as Shell, Wendy's, and Tile World, ensuring high visibility and foot traffic. Extensive renovations totaling $500,000 were completed in 2018. The property is zoned MON-C and offers a pro forma rent of $177,394 annually at 100% occupancy, suggesting a potential 8% cap rate and a valuation of $2,217,425. This represents a significant discount, offering substantial upside potential for the astute investor. The property is offered under a Triple Net (NNN) lease.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.609
- Latitude
- 42.9136
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
