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McAlister's Deli 5081 Harvey St 3,450 SF 4-Star Retail Building Norton Shores, MI 49444 $3,430,419 CAD ($994.32 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Lease
- Strong Co-Market Tenancy
- New Prototype Construction
- Phenomenal Access & Visibility
EXECUTIVE SUMMARY
Mid-America Real Estate – Michigan, Inc. has been exclusively retained on behalf of ownership to sell the fee interest in a 3,450-square-foot building situated on a 1.1-acre parcel, long-term leased to McAlister’s Deli in Norton Shores, MI. The property is strategically located in the primary retail trade area of the Norton Shores and Muskegon market, offering strong regional draw from surrounding communities. Pad of shopping center retailer anchors include Target, Kohl’s, Meijer, Menards, Sierra Trading Post, T.J. Maxx, and Old Navy, among others. The corridors also features a wide variety of QSR and full-service restaurant concepts such as Chick-fil-A, Texas Roadhouse, Olive Garden, McDonald’s, Bob Evans, Red Lobster, and many more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,450 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,430,419 CAD
Price Per SF
$994.32 CAD
Cap Rate
6.50%
NOI
$222,977 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.11 AC
Frontage
185’ on Harvey Street
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 27-121-200-0010-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $285,845 CAD |
PROPERTY TAXES
Parcel Number
27-121-200-0010-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$285,845 CAD
(248) 855-6800
x125
CONTACTS
-
Eric Birnholtz -
Bradley Rosenberg -
Andrew Bell -
Mid-America Real Estate - Michigan, Inc.
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McAlister's Deli | 5081 Harvey St
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