Property summary
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
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Gym & Fitness Center
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Physician
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Restaurant
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Financial Advisor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Holland, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C-2 in Holland, MI.
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Find the owner behind the property.
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