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Walmart Outparcel-100% Occupied Retail Center 3295 Henry St 11,895 SF 100% Leased Retail Building Muskegon, MI 49441 $4,973,727 CAD ($418.14 CAD/SF) 7.46% Cap Rate
Investment Highlights
- 11,895 SF, 100% occupied multi-tenant retail center constructed in 2008 and situated on 1.41 acres
- Majority of tenants operate under triple net lease structures with tenants reimbursing operating expenses, helping minimize landlord responsibilities
- Excellent visibility and frontage along heavily traveled Henry Street with strong daily traffic counts and outstanding accessibility
- High-image retail center featuring a strong mix of national and service-oriented tenants including AT&T, Biggby Coffee, and America’s Best Contacts
- Walmart Supercenter outparcel strategically positioned within one of Muskegon’s strongest and most established retail corridors
- Located directly across the street from Meijer Supercenter and surrounded by national retailers including Walmart, Meijer, McDonald’s, and Tim Hortons
Executive Summary
11,895 SF, 100% occupied multi-tenant retail center constructed in 2008 and situated on 1.41 acres
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,895 SF
Building Class
C
Year Built
2008
Price
$4,973,727 CAD
Price Per SF
$418.14 CAD
Cap Rate
7.46%
NOI
$370,934 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.41 AC
Zoning
C-SE
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-001-400-0009-20 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $858,610 CAD |
Property Taxes
Parcel Number
25-001-400-0009-20
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$858,610 CAD
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Walmart Outparcel-100% Occupied Retail Center | 3295 Henry St
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