3500 Remembrance Rd Walker, MI 49534

Property Details for 3500 Remembrance Rd

Year built

2004

Lot size

2.45 lot acres

Property size

15,906 SF

Zone code

C-1

Property type

Commercial real estate

APN

41-13-17-451-050

APU

411317451050

Description

This exceptional investment opportunity presents a multi-tenant retail center located at 3500 Remembrance Rd NW, Grand Rapids, MI 49534, in Kent County. The property, built in 2004, boasts a substantial 15,906 square feet on a 2.45-acre lot, zoned C-1 Commercial. Currently operating at 100% occupancy, the building features a diverse tenant mix including Dollar Tree (anchor tenant since 2016), Spunky Monkey Vape Store, JJ Wright's Salon, Jia Yuan Chinese Restaurant, and Nicole's Summer Haze. All current leases extend at least through 2025, ensuring a stable income stream. The property enjoys a highly visible location on a major road with an estimated 10,000 vehicles per day, providing excellent accessibility and exposure. The asking price is $2,387,613, representing a price per square foot of $150.11 and a 5.80% cap rate with a Net Operating Income (NOI) of $138,416. This NNN-leased property offers a strong return on investment for the discerning buyer seeking a stable, multi-tenant retail asset in a prime Grand Rapids location. The property's strong tenant base and long-term leases make it an attractive investment opportunity with significant potential for future growth.

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Longitude

-85.7551

Latitude

42.9912

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments