Log In/Sign Up
Your email has been sent.
172 N River Ave
Holland, MI 49424
Little Caesars · Retail Property For Sale
Investment Highlights
- Absolute NNN Sale Structure - Zero Landlord Responsibilities, Tenant is Responsible for all Taxes, Insurance, CAM, Roof, and Structure
- Rental Increases - 10% Increases Every 5 Years in the Initial Term and in the Option Periods
- Drive-Thru Equipped Location – Enhancing customer convenience and increasing sales volume
- Long-Term 15-Year Lease - With an Additional Four (4) 5-year Renewal Options Provided
- Attractive 3.5% Rent to Sales Ratio - Favorable rent coverage demonstrates strong unit-level performance
- Located in a High Traffic Area - 33,000+ Vehicles Pass the Site Every Day
Executive Summary
Absolute NNN Sale Structure - Zero Landlord Responsibilities, Tenant is Responsible for all Taxes, Insurance, CAM, Roof, and Structure
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
880 SF
Building Class
C
Year Built
1968
Price
$1,410,700 CAD
Price Per SF
$1,603.07 CAD
Cap Rate
6%
NOI
$84,642 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.59 AC
Zoning
C-2
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
33’ on River Ave
Amenities
- Dedicated Turn Lane
- Signage
Property Taxes
| Parcel Number | 70-16-20-325-011 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $349,995 CAD |
Property Taxes
Parcel Number
70-16-20-325-011
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$349,995 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
