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4329 Plainfield Ave NE
Grand Rapids, MI 49525
Commerce de détail Propriété À vendre


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Faits saillants de l'investissement
- Absolute NNN Lease Structure – No Landlord Responsibilities
- 1.50% Annual Rental Increases Throughout Primary Term
- Lowe’s Shadow-Anchored Location Within North Kent Shopping Center
- Long-Term Corporate Lease with Over 10 Years Remaining
- Full-Service Operator Supporting Gas, Hybrid & Electric Vehicles
Résumé de l'annonce
Christian Brothers Automotive – Grand Rapids, MI presents the opportunity to acquire a newly constructed (2021) single-tenant net leased investment occupied by a nationally recognized automotive service operator with a long-term corporate lease structure. The property is secured by an Absolute NNN lease with zero landlord responsibilities and over 10 years remaining on the initial lease term, providing investors with durable passive income and built-in annual rent increases.
Situated along Plainfield Avenue NE, the property benefits from exceptional visibility with traffic counts exceeding 33,000 vehicles per day and direct connectivity to Interstate 96 and U.S. Route 131. The site is positioned as a Lowe’s shadow-anchored outparcel within North Kent Shopping Center alongside national retailers including Dollar Tree and Dunham’s Sports, supporting strong consumer traffic and long-term real estate fundamentals.
Christian Brothers Automotive operates more than 300 locations across 30+ states and has built a strong reputation as a premium automotive maintenance and repair provider. The tenant offers a comprehensive range of services for gas, hybrid, and electric vehicles, positioning the business to benefit from recurring demand within the essential automotive service sector. The company has continued to expand nationally while maintaining strong customer satisfaction rankings and operational consistency.
Located within the Grand Rapids metropolitan area — one of the Midwest’s strongest regional economies — the investment benefits from continued population growth, strong household incomes, and a diversified employment base anchored by healthcare, manufacturing, logistics, and professional services.
Situated along Plainfield Avenue NE, the property benefits from exceptional visibility with traffic counts exceeding 33,000 vehicles per day and direct connectivity to Interstate 96 and U.S. Route 131. The site is positioned as a Lowe’s shadow-anchored outparcel within North Kent Shopping Center alongside national retailers including Dollar Tree and Dunham’s Sports, supporting strong consumer traffic and long-term real estate fundamentals.
Christian Brothers Automotive operates more than 300 locations across 30+ states and has built a strong reputation as a premium automotive maintenance and repair provider. The tenant offers a comprehensive range of services for gas, hybrid, and electric vehicles, positioning the business to benefit from recurring demand within the essential automotive service sector. The company has continued to expand nationally while maintaining strong customer satisfaction rankings and operational consistency.
Located within the Grand Rapids metropolitan area — one of the Midwest’s strongest regional economies — the investment benefits from continued population growth, strong household incomes, and a diversified employment base anchored by healthcare, manufacturing, logistics, and professional services.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
5 810 pi²
Classe d’immeuble
B
Année de construction
2020
Prix
4 714 192 $ CAD
Prix par pi²
811,39 $ CAD
Taux de capitalisation
6%
Revenu net d’exploitation
282 835 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,12
Taille du lot
1,13 AC
Zonage
C-1 COM
Stationnement
23 places (3,95 places par 1 000 pi² loué)
Façade
187’ sur Plainfiled Avenue
Impôts fonciers
| Numéro de lot | 41-10-34-101-042 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 924 653 $ CAD |
Impôts fonciers
Numéro de lot
41-10-34-101-042
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
924 653 $ CAD
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