Sherwin Williams Commercial Store | 440 Cesar E Chavez Ave SW
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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
Investment Highlights
- Investment Grade BBB Credit By S&P
- Over $1 Billion in New Development within 1-Mile
- 7.5% Rent Increases Every 3 Years
- 16.3 Years Remaining – Brand New 15-Year Lease Extension
Executive Summary
Located in one of the **Midwest's best-performing real estate markets** and Michigan’s **fastest-growing MSA** with over 1.1 million residents, this prime property offers exceptional investment potential in the heart of **Grand Rapids**.
Featuring **drive-around capability** and operational since 2000, the site is strategically positioned with **easy access** to the US-131 on/off ramp. The **222 feet of frontage** along Cesar E Chavez Avenue and **20+ surface parking spaces** enhance its accessibility and visibility.
Zoned **TN-TCC (Traditional Neighborhood – Transitional City Center Zone)**, the property is ideal for diverse uses. Its proximity to **Founders Brewery** and **$100M Grand Rapids Mixed-Use Development** ensures consistent foot traffic.
This property is also near major transformative projects like the **Grand Action 2.0**, which includes the new **12,000-seat Acrisure Amphitheatre** and **8,500-seat soccer stadium**, solidifying its value in this thriving and dynamic market.
Featuring **drive-around capability** and operational since 2000, the site is strategically positioned with **easy access** to the US-131 on/off ramp. The **222 feet of frontage** along Cesar E Chavez Avenue and **20+ surface parking spaces** enhance its accessibility and visibility.
Zoned **TN-TCC (Traditional Neighborhood – Transitional City Center Zone)**, the property is ideal for diverse uses. Its proximity to **Founders Brewery** and **$100M Grand Rapids Mixed-Use Development** ensures consistent foot traffic.
This property is also near major transformative projects like the **Grand Action 2.0**, which includes the new **12,000-seat Acrisure Amphitheatre** and **8,500-seat soccer stadium**, solidifying its value in this thriving and dynamic market.
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
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
TN-TCC
Walk Score®
Walker's Paradise (90)
Nearby Major Retailers
1 of 4
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Sherwin Williams Commercial Store | 440 Cesar E Chavez Ave SW
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