2739 Breton SE Rd, Grand Rapids, MI 49546-8053

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.