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5180 37th Ave SW
Hudsonville, MI 49426
GreatWater Garage · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Guarantee from GreatWater 360 Auto Care
- Near Downtown Grand Rapids
- Strong Demographics and Growing Population Base
- Dense Academic Region | 3,700+ Students
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a GreatWater Garage located at 5180 37th Avenue, Hudsonville, MI 49426. The site consists of roughly 16,500 rentable square feet of building space on an estimated 1.60 -acre parcel of land. This GreatWater Garage is subject to a 20-year Triple Net (NNN) lease, which will commence upon the close of escrow. The annual rent will be $207,600 and has scheduled increases of 2.00% Annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
16,500 SF
Building Class
C
Year Built/Renovated
1977/2025
Price
$4,980,168 CAD
Price Per SF
$301.83 CAD
Cap Rate
5.75%
NOI
$286,360 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.60 AC
Zoning
CBD-2
Frontage
119’ on 37th Ave
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 70-14-32-328-016 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $504,104 CAD |
PROPERTY TAXES
Parcel Number
70-14-32-328-016
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$504,104 CAD
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