4901-4923 28Th Street Ct Southeast Grand Rapids, MI 49512
Michigan's FIRST And BUSIEST Total Wine & More Location Brand New 10-Year Corporate Lease 6-Years RemainingMinimal Landlord Responsibilities New Roof (2021) W/ Warranty & All New HVAC Servicing The Total Wine SpaceCrunch Fitness Signed A New 10-Year Lease W/ Increases In Base Term & Option PeriodsNational Destination Tenancy — Crunch Fitness & Total Wine & More Both Tenants Are Top-Performing National Brands That Drive Heavy, Consistent Customer TrafficHigh-Profile Retail Asset Located In The Prestigious East Grand Rapids Sub-Market Affluent And Thriving Market 3-Mile Average Household Income Of $106,830+Positioned Along 28th Street SE And Accessible From Patterson Ave Combined Traffic Counts Exceed 59,255+ VPDImmediate Access To On/Off Ramps Of Interstate-96 (70,798+ VPD) 2.7 Miles To Gerald R. Ford International AirportStrong Surrounding Retail Trade Area Located In One Of Grand Rapids’ Most Robust Retail Nodes Adjacent To Costco, The Home Depot, Target, Dick's Sporting Goods, Staples, Bob Evans, Meijer, Longhorn Steakhouse, Starbucks, Applebee's And Many More National Credit Tenants, Major Big-Box Anchors, Restaurants, Hospitality, And Auto Dealerships — Reinforcing Long-Term Real Estate Demand And Liquidity
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.