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Take 5 632 E 16th St

1,665 SF Retail Building Holland, MI 49423 £1,733,127 (£1,041/SF) 6% Net Initial Yield

Investment Highlights

  • New Development Take 5 - 2024 Construction
  • Subject Property Situated on Corner Lot Featuring over 50,000 VPD
  • Located in the Heart of Holland, MI (Grand Rapids MSA)
  • Increases Every 5 Years Throughout the Lease and Option Periods
  • Ideally Positioned between Meijer and Menard's - two of the Midwest's Largest Retailers
  • Property Shares Access with Neighboring 7Brew - Can be Purchased Together - Contact Agent

Executive Summary

Cooperating Broker: Brian Brockman
Bang Realty-Michigan, Inc | MI#6502428679
bor@bangrealty.com | (513) 898-1551

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,665 SF
Building Class
B
Year Built
2024
Price
£1,733,127
Price Per SF
£1,041
Net Initial Yield
6%
NOI
£103,988
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
0.70 AC
Frontage
255 ft on East 16th Street

Amenities

  • Signage

Nearby Major Retailers

Starbucks
7 Brew Coffee
Macatawa Bank
Meijer
Fifth Third Bank
El Rancho
Bob Evans
Checkers
Chase Bank
Huntington National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
70-16-33-200-054
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£688,869
  • Listing ID: 32544885

  • Date on Market: 22/07/2024

  • Last Updated:

  • Address: 632 E 16th St, Holland, MI 49423

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