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Crunch Fitness 3130 Alpine Ave NW

45,763 SF Retail Building Grand Rapids, MI 49544 $8,145,000 ($178/SF) 7.95% Cap Rate

Retail Space Michigan Grand Rapids 3130 Alpine Ave NW, Grand Rapids, MI 49544

Investment Highlights

  • New Long-Term 15-Year Lease with Three, 5-Year Options Available
  • Positioned Along a Main Commercial Corridor Surrounded by a Plethora of National Retailers
  • Situated Along Alpine Avenue which is a Main North-South Thoroughfare Connecting the City of Walker to I-96 and US Route 131
  • Lease Features Strong 10% Rental Increases Every 5 Years Throughout the Term and in Each Option Offering a Hedge Against Inflation
  • New McAlister's Deli Currently Being Developed Adjacent to the Subject Property Displaying Strong Continuous Economic Development in the Immediate Are
  • Excellent Visibility with Frontage and Signage Along Alpine Avenue | Traffic Counts Exceed 50,600+ Vehicles Per Day

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
45,763 SF
Building Class
C
Year Built/Renovated
1989/2024
Price
$8,145,000
Price Per SF
$178
Cap Rate
7.95%
NOI
$647,544
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
5.56 AC
Parking
300 Spaces (6.56 Spaces per 1,000 SF Leased)
Frontage
482 FT on Alpine Ave

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

Links

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3130 Alpine Ave NW, Grand Rapids, MI - aerial map view - Image1
3130 Alpine Ave NW, Grand Rapids, MI - aerial map view - Image2

Nearby Major Retailers

Olive Garden Italian Kitchen
Buffalo Wild Wings
Crunch Fitness
Rent-A-Center
Starbucks
MOD Pizza
Huntington National Bank
Golden Corral
Fazoli's
Logan's Roadhouse

PROPERTY TAXES

Parcel Numbers
Multiple
  • 41-13-01-301-003
  • 41-13-01-301-002
 Improvements Assessment $0
Land Assessment $0 Total Assessment $2,157,400

PROPERTY TAXES

Parcel Numbers
Multiple
  • 41-13-01-301-003
  • 41-13-01-301-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,157,400
(248) 702-0288

Contacts

  • Listing ID: 33296905

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: 3130 Alpine Ave NW, Grand Rapids, MI 49544

More public record information on 3130 Alpine Ave NW, Grand Rapids, MI 49544

The Retail Property at 3130 Alpine Ave NW, Grand Rapids, MI 49544 is currently available for sale. Contact Encore Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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3130 Alpine Ave NW, Grand Rapids, MI for sale Building Photo- Image 1 of 4
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Crunch Fitness | 3130 Alpine Ave NW
(248) 702-0288 x

Crunch Fitness | 3130 Alpine Ave NW

1/3

Deno Bistolarides

(248) 702-0288

(248) 702-0288

Brandon Hanna

(248) 702-0290

(248) 702-0290

Ryan Vinco

(313) 516-6873

(313) 516-6873

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