3500 Remembrance Rd Walker, MI 49534

This exceptional investment opportunity presents a portfolio of three retail properties located in Walker, Grand Rapids, and Grandville, Michigan, within Kent County. The portfolio totals 36,191 square feet across three distinct buildings situated on land parcels ranging from 1.34 to 2.45 acres. The properties feature a mix of tenants, including a Dollar Tree anchor tenant, and offer a variety of lease structures, including NNN leases. The portfolio boasts a strong overall net operating income (NOI) of $497,165, resulting in a compelling 6.60% cap rate. Individual property details include: a 15,906 square foot building in Walker (built in 2004) with a 5.8% cap rate and $138,416 NOI; a 12,456 square foot building in Grand Rapids (built in 1963, renovated in 2018) with a 4.74% cap rate and $87,394 NOI; and a building in Grandville (built in 2004, with renovations in 2020 and 2024) offering a 7.00% cap rate and $229,944 NOI. Lease terms vary, with some extending to 10 years. The asking price for the entire portfolio is $7,527,158. This portfolio offers a diverse range of investment opportunities, from stabilized NNN investments to value-add sale-leaseback scenarios, presenting a compelling opportunity for a discerning investor seeking a strong return in the West Michigan market. The properties are located at 3500 Remembrance Rd NW, Walker, MI 49534; 2739 Breton Rd, Grand Rapids, MI 49546; and 4505 Canal Ave SW, Grandville, MI 49418. The Grand Rapids property is zoned MON-C.