Sparta

Shopping Center for Sale
Sale Pending/Contingent
Catylist Listing ID: 30375953
Property Subtypes: Mixed Use, Strip Center
Status: Pending/Contingent
Building Size (RSF): 5,480 SF
Gross Land Area: 1,280 Acres
Sale Price: $1,185,000
Unit Price: $216.24 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 5,480 SF
Sale Terms: Cash to Seller
Cap Rate: 8.44%
Average Occupancy Rate: 100
Last Updated: 8/6/2019

Overview / Comments

Extremely nice 3 tenant center built in 2014. Long term tenants include an orthodontist with a new 10 year lease, Biggby's with a drive thru and Edward Jones. New free standing Subway built next to this property and both Subway and Biggby's experience a lot of traffic.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Taxing Authority: Sparta Township
Tax ID/APN: 41-05-22-282-018
Zoning: VGC
Retail Clientele: General
Property Located Between: Between E Division and 12 Mile Road
Property Visibility: Excellent
Largest Nearby Street: E Division
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2014
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: VGC - Village Commercial
Water Service: Municipal
Sewer Type: Storm
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,128 9,110 20,327
Median Age: 34.59 35.72 37.72
Households: 1,235 3,424 7,363

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