753 Lincoln Ave, Holland, MI 49423-5482

This exceptional special-purpose property at 753 Lincoln Avenue, Holland, MI 49423, presents a compelling investment opportunity. The 1.12-acre lot features a retail building anchored by a Dollar General and an Estate Warehouse. Dollar General, a long-term tenant (20+ years), recently renewed their lease for an additional 3 years, boasting over 5.5 years remaining with another 3-year option. They also completed an interior remodel this spring. The Estate Warehouse is also a stable tenant, currently in its third year and renewing for another three. The property benefits from significant recent capital improvements exceeding $60,000 in 2021. These upgrades include a new roof (10,000+ sq ft) for the Estate Warehouse, new interior furnaces in the warehouse/storage area, a new A/C condenser, and a new water heater in the Dollar General. The property enjoys a prime corner location with high traffic counts, ideal for retail businesses. Dollar General operates under a NNN lease, covering property taxes and insurance prorations. The Estate Warehouse is responsible for its utilities and a portion of snow plowing. This turnkey investment offers strong cash flow and long-term stability, making it an attractive addition to any portfolio.