3194 Henry St | Norton Shores, MI 49441
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- LoopNet Team
3194 Henry St
Norton Shores, MI 49441
Chipotle · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 12-Year Net Lease with Corporate Guaranty: Long-term lease backed by Chipotle Mexican Grill, Inc., a Fortune 500 company with over 3,446 locations
- The lease has no tenant termination options, ensuring stability and predictability for the investor
- Positioned along Henry Street, an outparcel to a high-volume Meijer and across from a Walmart Supercenter, drawing substantial customer traffic
- Rent escalations every five years during the primary term and option periods, providing a reliable growth in income
- Net lease structure with minimal landlord responsibilities limited to roof, structure, and parking lot maintenance
- More than 15,737 vehicles pass directly in front of the property daily, with additional exposure from Seaway Drive’s 27,000 vehicles per day
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.36 AC
Zoning
C-2 - Commercial
Parking
10 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
105’ on Henry Street
AMENITIES
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 27-106-300-0001-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $217,900 |
PROPERTY TAXES
Parcel Number
27-106-300-0001-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$217,900
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