3343 Alpine

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30438449
Property Subtypes: Net Leased, Power Center, Strip Center, General
Building Size (RSF): 28,050 SF
Sale Price: $2,950,000
Unit Price: $105.17 PSF
Ceiling: 15 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 8.46%
Last Updated: 10/21/2019

Overview / Comments

NAI Wisinski is pleased to present the opportunity to acquire 3343 Alpine, a 28,050 square foot, 100% leased retail center. Tenants at the site include Dollar Tree, Once Upon A Child, and B2 Outlet Stores.
Located directly on Alpine Avenue, one of the main retail corridors in a rapidly growing Grand Rapids MSA, this offering presents an opportunity to acquire a well positioned center with a strong rent roll in a highly desirable retail corridor. The properties three tenants have strong lease terms and perform well at the site. The property has been well maintained and family owned since it’s construction in 1972, and is being offered for sale for the first time.

Attachments & Media

Current Tenants

Tenant Business Name B2
Tenant Business Name Dollar Tree
Tenant Business Name Once Upon A Child

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Alpine Corridor
Tax ID/APN: 41-13-02-276-020
Zoning: C-1
Area Description: DIRECTIONS: W SIDE OF ALPINE BETWEEN I-96 & 4 MILE RD.
Number of Stories: 1
Year Built: 1979
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,407 65,665 171,638
Median Age: 31.41 35.48 35.14
Households: 4,356 26,156 69,737
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.