NNN Investment Opportunity

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30364310
Building Size (RSF): 7,500 SF
Gross Land Area: 0.90 Acres
Sale Price: $625,000
Unit Price: $83.33 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: CHILDTIME
Class of Space: Class B
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 3/18/2019

Overview / Comments

National Day Care tenant with a long term corporate backed lease. Absolute NNN Lease - no landlord responsibilities. Annual CPI Rent increases plus percent rent above base rent.

Recent improvements to roof, parking lot, and interior.

Current Tenants

Tenant Business Name ChildTime Learning Center

Additional Details

Nearest MSA: Holland-Grand Haven
County: Ottawa
Submarket/Township: Other area
Tax ID/APN: 70-16-08-300-044
Zoning: OFFICE
Property Visibility: Excellent
Site Description: LL IN LO
Area Description: DIRECTIONS: HOLLAND 136TH AVE 2 PANTHER DR E 2 PROPERTY ACROSS FROM W. OTTAWA H.S.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1997
Construction/Siding: Vinyl Siding
Parking Type: Surface

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,647 43,599 95,568
Median Age: 31.77 34.19 36.37
Households: 3,044 15,166 34,574

Contact

Photograph of Listing Agent

Mary Anne Wisinski-Rosely, SIOR, CCIM

NAI Wisinski of West Michigan CARWM Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.