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