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Simon Jonna

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Property Details

Property Type Retail - Street Retail
Property Size 11,926 SF
Lot Size 0.74 Acre
Additional Rent Contact for pricing
Property Tenancy Single Tenant
Year Built 2000
Date Updated Dec 10, 2024

Nestled in the heart of the city, the area offers an enticing blend of urban amenities and natural beauty. Just steps away, you'll find renowned cultural attractions such as the Grand Rapids Art Museum, the Gerald R. Ford Presidential Museum, the Van Andel Arena, and the Grand Action Development, providing endless opportunities for entertainment and enrichment. The nearby bustling downtown district boasts an array of dining, shopping, and leisure options, ensuring a dynamic and convenient setting for tenants and visitors alike.Introducing an exceptional investment opportunity in the Grand Rapids area. This 12,425 SF single tenant NNN property sits on 0.74 acres with high visibility from US-131, offering a prime location and exposure for retail businesses. Boasting a new 15-year lease commencing 2/1/2026 and 7.5% rental increases every 3 years, this property presents a secure and lucrative investment. With TN-TCC zoning and drive-around capability, it provides versatile possibilities for retail or street retail enterprises. The property's 20+ surface parking spaces, 222’ of frontage along Cesar E Chavez Ave, and an operating tenant since 2000 make it an attractive proposition for investors seeking a stable, income-generating asset with a strong credit tenant.

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Highlights

12,425 Sq. Ft. | 0.74 Acres | Built 2000
Investment Grade BBB Credit By S&P
Brand New 15-Yr Lease
7.5% Rent Increases Every 3 Years
One of The Best Performing Real Estate Markets in the Midwest
Drive Around Capability
Operating Since 2000
High Exposure with Visibility from US-131
TN-TCC Zoning | Traditional Neighborhood – Transitional City Center Zone
20+ Surface Parking Spaces
222’ of Frontage along Cesar E Chavez Avenue
Minutes From Famous Founders Brewery In The Heart Of Downtown GR
Near Several Major Developments Including The Transformative Grand Action 2.0 - New 12,000 Seat Acrisure Amphitheatre & 8,500 Seat Soccer Stadium

Getting around

90/100
Walk Score ®
62/100
Transit Score ®
66/100
Bike Score ®

Powered by Walk Score ®

Location

City Grand Rapids, MI
Neighborhood Roosevelt Park
Zip Code 49503
Market Grand Rapids

Points of Interest

Grand Rapids

0.11 miles

Pacific Pride

0.27 miles
Mobil

0.30 miles
Marathon

0.44 miles
BP

1.00 miles
Meijer Express

1.25 miles
4STAR

1.66 miles
Walker, MI Supercharger

5.01 miles
ChargePoint

7.65 miles
Grand Rapids Supercharger

7.71 miles

Area 6A

0.29 miles
Studio Park(ing)

0.36 miles
Cherry St. Parking

0.42 miles
Area 2

0.44 miles
Area 3

0.48 miles
Watson Lot

0.52 miles
Seidman Lot

0.55 miles
Louis Campau Parking Ramp

0.66 miles
Monroe Center Parking Ramp

0.66 miles
Museum Parking

0.69 miles

The Kitchen @ 40 Cherry

0.39 miles
Peppino's

0.40 miles
Grand Woods Lounge

0.40 miles
One Twenty Three Tavern

0.41 miles
Subway

0.41 miles
The Caribbean Bite

0.42 miles
Leo's Coney Island on Tap

0.42 miles
Stan's Tacos

0.43 miles
Tavern on the Square

0.45 miles
Bistro Bella Vita

0.46 miles

Grand Central Market

0.67 miles
Bridge Street Market

1.19 miles
Wealthy Market

1.55 miles
Fulton Street Farmer’s Market

1.80 miles
Family Fare

2.05 miles
Creston Market

2.35 miles
Ken's Fruit Market

2.83 miles
ALDI

3.00 miles
D&W

3.04 miles
Big Lots

3.11 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.