For Sale

Multi-Tenant Retail | Spring Lake, MI

Asking Price: $1,990,000 | Cap Rate: 7.65%

  • Net Operating Income: $152,360
  • Weighted Avg. Lease Term (WALT): 3.3 Years
  • Lease Type: Net

Property Highlights

  • Fully leased to regional and local tenants including: Biggby Coffee, Pak Mail, Marco’s Pizza and more
  • Building features attractive, high-quality, steel and brick construction
  • Prime location on the major thoroughfare of Spring Lake, Savidge St (M-104), which sees over 21,000 VPD
  • Strong demographics with average household incomes over $98,000 within a 1-mile radius