2288 Park Dr Holland, MI 49424-9596
Property profile & analytics
2288 Park Dr, Holland, MI 49424-9596
- Drive through restaurants
- 3,616 SF
- 1.03 lot acres
Property ID
US43-2041569
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- McAlister's Deli / Restaurant
- McAllister's Deli / Restaurant
- Steak 'n Shake / Restaurant
Property Details for 2288 Park Dr
- Year built
- 1994
- Lot size
- 1.03 lot acres
- Zone code
- C-2
- Property type
- Drive through restaurants
- APN
- 70-16-21-100-047
- APU
- 701621100047
Description
This exceptional investment opportunity presents a freestanding McAlister's Deli in Holland, Michigan. The property boasts 3,616 square feet on a 1.01-acre lot at 2288 N Park Dr, zip code 49424. Built in 2009 and renovated in 2024, this single-tenant property operates under a 15-year absolute triple-net (NNN) lease with a strong franchisee guarantee from Southern Rock Restaurants, LLC, a major McAlister's operator. The current lease, offering 100% occupancy, generates an annual net operating income (NOI) of $150,000, resulting in a compelling 5.75% cap rate. The lease includes scheduled rent increases of 10% every five years, providing significant long-term growth potential. The lease term extends for a further 15 years through three 5-year renewal options, ensuring a stable and predictable income stream for years to come. The asking price for this turnkey investment is $2,608,696. This is a rare opportunity to acquire a high-performing, well-located QSR property with exceptional lease terms and a strong tenant.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,560,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Holland
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.0884
- Latitude
- 42.8099
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$18,328
$0.00
$0.00
$541,100
-
$0.00
$0.00
$1,082,200
