Fully Leased Investment Opportunity

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30170253
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 15,656 SF
Gross Land Area: 2.45 Acres
Sale Price: $1,295,000
Unit Price: $82.72 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 7/10/2020

Overview / Comments

RECENTLY REDUCED: INVESTMENT OPPORTUNITY–Remembrance Landing in Walker. Fully leased, anchor tenant is Dollar Tree with almost new 5 year lease. Bring your 1031 exchange buyers who need a solid investment. Great visibility and strong demographics. Pylon signage. Signed CA required for rent roll and income/expenses.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Other area
Taxing Authority: City of Walker
Tax ID/APN: 41-13-17-451-050
Zoning: C-1
Retail Clientele: General, Family, Business
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Leonard
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2004
Parking Description: Ample parking.
Zoning Description: C-1. It is recommended that interested parties contact the City of Walker Zoning Department to verify that their intended use conforms to the current zoning.
Easements Description: Of record, if any.
Legal Description: LL in LO and BO

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,452 43,205 136,208
Median Age: 39.93 38.7 32.72
Households: 3,681 18,063 51,180
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.