2675 & 2695 Henry St

Retail-Commercial for Sale
Catylist Listing ID: 30145156
Property Subtypes: Retail-Pad
Building Size (RSF): 22,500 SF
Gross Building Area: See Agent
Gross Land Area: 2.12 Acres
Sale Price: $1,775,000
Unit Price: $78.89 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 9.44%
Last Updated: 12/13/2017

Overview / Comments

Value add retail opportunity with aggressive pricing on in place income. Located in the prime Muskegon retail area in front of Home Depot, between Rite Aid and Aldi. Center consists of two buildings containing 21,923 SF. Currently 80% occupied. Center is listed at 9.44% Cap on in place income with upside in filling the vacancies for new owner. Center is a strong performing location for all tenants and all have recently renewed their leases.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Tax ID/APN: 25-401-000-0010-00
Zoning: C-NE
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,012 62,297 104,160
Median Age: 37.14 36.23 37.97
Households: 4,389 24,876 40,234


Photograph of Listing Agent

Aaron Eichenberg

NorthStar Commercial LLC
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