2750 Beltline NE Ave Grand Rapids, MI 49525-8614
Property Lookup
Property profile & analytics
2750 Beltline NE Ave Grand Rapids, MI 49525-8614
- Commercial real estate
- 1,344 SF
- 22.56 lot acres
Property ID
US43-3536707
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
- Corewell Health Grand Rapids Hospitals Physical Therapy - 2750 E Beltline Ave NE / Rehabilitation Center
- Sara Koenes, PA-C / Physician
- Grant Matthew Heller PhD / Physician / Medical Clinic
- Corewell Health Family Medicine - 3322 E Beltline Ct NE / Pediatrician / Physician
- Carlos Rodriguez, PhD / Physician / Medical Clinic
Property Details for 2750 Beltline NE Ave
- Year built
- 1989
- Lot size
- 22.56 lot acres
- Property size
- 1,344 SF
- Zone code
- HC-PUD
- Property type
- Commercial real estate
- APN
- 41-14-11-101-085
- APU
- 411411101085
Description
This exceptional investment opportunity presents a fee-simple, ground-leased Chick-fil-A restaurant in Grand Rapids, Michigan. Located at 2750 E Beltline Ave SE, 49546, this single-tenant, Class A property boasts 4,850 square feet and features a double drive-thru. The property sits on one acre of land with 45 parking spaces and benefits from a high-traffic location with 65,900 vehicles passing daily at a four-way intersection. The 20-year absolute NNN lease commenced January 31, 2018, and has 13.2 years remaining, with 10% rent bumps every five years. The current annual net operating income (NOI) is $140,000, resulting in a 4.55% cap rate. The property is an outparcel to The Shops at Centerpoint, a 575,000 square foot power center, and is situated across from Woodland Mall, a major shopping destination. The lease is corporately guaranteed by Chick-fil-A, Inc., a nationally recognized brand with over 3,000 locations. This investment offers a secure, passive income stream with significant long-term growth potential in a densely populated area with strong demographics. The property is within four miles of Gerald R. Ford International Airport and 1.5 miles from Calvin University. The building was constructed in 2018. This is a rare opportunity to acquire a high-performing, well-located Chick-fil-A with a substantial remaining lease term. Asking price is $3,076,900.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.5881
- Latitude
- 43.0111
- 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
2021
$0.00
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
