Multi-Tenant Retail | Spring Lake, MI
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
