Bank of America | 15-Year Ground Lease 2284 East Beltline Avenue Northeast 4,320 SF Retail Building Grand Rapids, MI 49525 $5,210,937 CAD ($1,206.24 CAD/SF) 5.25% Cap Rate

Long Term Ground Lease, No Landlord Responsibilities
Bank of America has signed a 15 year ground lease where the landlord has no responsibilities. Tenant is responsible for all costs, expenses, and obligations related to repair, maintenance, replacement, taxes, and insurance. This is an ideal, management free investment for a passive investor.
New Prototype Construction
Bank of America is building their own new prototype building, which incorporates double drive-thru lanes, and an updated interior/exterior. Bank of America has been paying rent since October 2025, and construction is on track for completion in Q1 2026.
Strong Co-Market Tenancy
Bank of America is conveniently located off of E. Beltline Avenue, situated on the pad of The Village at Knapp’s Crossing. This center is one of Grand Rapids premier shopping centers, anchored by TJ Maxx, Old Navy, Ulta, and P.F. Chang’s to name a few. Other tenants in this market include Aldi, Meijer, Panera, Celebration Cinema, Starbucks, and Chipotle.
Great Access & Visibility
Located along a main retail corridor, this Bank of America location receives tremendous visibility from E. Beltline Avenue, a highly trafficked road in the Grand Rapids MSA, averaging over 45,000 vehicles per day. The bank has primary access from an entrance off E. Beltline Avenue.
Dense Residential Customer Base
The five mile radius of the property steadily supports the location with a population of 146,584 residents earning an average household income in excess of $120,651 per year.