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Property profile & analytics
OFF-MARKET
Community centers

12365 James St Holland, MI 49424-8699

10,300 SF 41.07 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US43-0836181
Property summary
AI-generated overview

This exceptional investment opportunity presents two Class A, multi-tenant retail buildings totaling 20,522 square feet, situated on James Street in Holland, Michigan. The property, built in 2016 and 2000, boasts 100% occupancy with a diverse tenant mix including Chipotle, Noodles & Co, SVS, and Orange Theory. Eight tenants are currently under corporate guarantees, providing strong financial stability. The property features 2,500 shared parking spaces, excellent freeway visibility with over 41,000 vehicles per day, and prime location within a thriving commercial district. Benefiting from 360 feet of frontage on James Street and US Highway 31, the property offers multiple ingress/egress points and prominent signage opportunities. The asking price is $6,568,480, representing a 7.50% cap rate and a NOI of $492,636. This fee-simple offering is ideal for investors seeking a stable, high-performing retail portfolio. The property's strategic location near the Grand Rapids Community College Lakeshore Campus ensures consistent foot traffic and strong tenant demand. The buildings are offered individually or as a portfolio, providing flexibility for potential buyers. This is a rare opportunity to acquire a fully occupied, high-quality retail investment in a prime location. The NNN lease structure minimizes landlord responsibilities, further enhancing the investment's appeal.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Total area 10,300 SF
Lot 41.07 ac (1,788,835 SF)
Zoning code C-2
APN 70-16-16-451-008
UPID US43-0836181
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ATI Physical Therapy Medical Clinic
  • Orangetheory Fitness Gym & Fitness Center
  • Mrs. Nichole Eickholt Physician
  • Chipotle Mexican Grill Restaurant
  • Charles Schwab Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Westshore Units 8 & 9 Owner LLC · 2 yrs held
Westshore Units 8 & 9 Owner LLC
since 2024
2 recorded transactions
2024
Price N/A
2022
Price N/A
Zoning & alternative use
C-2 · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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