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Sherwin Williams Commercial Store 440 Cesar E Chavez Ave SW

12,425 SF Retail Building Grand Rapids, MI 49503 $4,210,515 ($339/SF) 5.24% Cap Rate

Retail Space Michigan Grand Rapids 440 Cesar E Chavez Ave SW, Grand Rapids, MI 49503

Executive Summary

- Investment Grade BBB Credit By S&P
- 16.3 Years Remaining – Brand New 15-Year Lease Extension
- 7.5% Rent Increases Every 3 Years
- One of The Best Performing Real Estate Markets in the Midwest | Fastest Growing MSA in MI – Over 1.1M People
- Drive Around Capability | Operating Since 2000
- Easy Access | Adjacent to US-131 on/off Ramp
- TN-TCC Zoning | Traditional Neighborhood – Transitional City Center Zone
- 20+ Surface Parking Spaces
- 222’ of Frontage along Cesar E Chavez Avenue
- Minutes from Famous Founders Brewery in the Heart of Downtown GR
- Over $1 Billion in New Development within 1-Mile
- Adjacent to $100M Grand Rapids Mixed-Use Development
- Near Several Major Developments Including the Transformative Grand Action 2.0 - New 12,000 Seat Acrisure Amphitheatre & 8,500 Seat Soccer Stadium

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
12,425 SF
Building Class
C
Year Built
2000
Price
$4,210,515
Price Per SF
$339
Cap Rate
5.24%
NOI
$220,631
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Land Acres
0.74 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
TN-TCC
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Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Order Express, Inc.
BIGGBY Coffee
Planet Fitness
CrossFit
Starbucks
Buffalo Wild Wings
CIBC
PNC Bank
Old National Bank
Horizon Bank
  • Raymond Jonna
    Power Broker Raymond Jonna
  • Simon Jonna
    Power Broker Simon Jonna
(248) 226-1611

  • Listing ID: 33771798

  • Date on Market: 11/6/2024

  • Last Updated:

  • Address: 440 Cesar E Chavez Ave SW, Grand Rapids, MI 49503

The Retail Property at 440 Cesar E Chavez Ave SW, Grand Rapids, MI 49503 is currently available For Sale. Contact Colliers for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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440 Cesar E Chavez Ave SW, Grand Rapids, MI for sale Building Photo- Image 1 of 4
Grand Rapids Aerial View
440 Cesar E Chavez Ave SW, Grand Rapids, MI for sale Building Photo- Image 2 of 4
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440 Cesar E Chavez Ave SW, Grand Rapids, MI for sale Building Photo- Image 3 of 4
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Sherwin Williams Commercial Store | 440 Cesar E Chavez Ave SW
(248) 226-1611 x

Sherwin Williams Commercial Store | 440 Cesar E Chavez Ave SW

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Raymond Jonna

(248) 226-1611

(248) 226-1611

Simon Jonna

(248) 226-1610

(248) 226-1610

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