Take 5 | 632 E 16th St
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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
Bang Realty-Michigan, Inc | MI#6502428679
bor@bangrealty.com | (513) 898-1551
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
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
PROPERTY TAXES
Parcel Number | 70-16-33-200-054 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £688,869 |
PROPERTY TAXES
Parcel Number
70-16-33-200-054
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£688,869
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Take 5 | 632 E 16th St
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