440 Chavez AveGrand Rapids, MI 49503

Property Details for 440 Chavez Ave

Year built

2000

Lot size

0.74 AC

Property size (Sq ft)

12,425 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 12,425-square-foot, single-tenant, Class A storefront in Grand Rapids, Michigan. The property, located at 440 Cesar E. Chavez Ave SW, is a fee-simple ownership with a 0.74-acre lot and 20 parking spaces. The building, constructed in 2000, is currently 100% occupied by a credit-rated Sherwin-Williams store under a net lease (NNN) agreement. The lease has a remaining term of 15 years, commencing February 1, 2026, and includes a 7.5% rental increase every three years. The property boasts a strong net operating income (NOI) of $220,631, resulting in a 5.24% cap rate. The asking price is $4,210,515. The property is zoned TN-TCC (Traditional Neighborhood – Transitional City Center) and benefits from high visibility and exposure from US-131. Its prime location offers convenient access to major developments, including the Acrisure Amphitheatre and a new soccer stadium, and is minutes from Founders Brewery in downtown Grand Rapids. This investment offers a stable, income-generating asset with a strong tenant and significant upside potential. The property features 222 feet of frontage along Cesar E. Chavez Avenue.

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Latitude

42.9553

Longitude

-85.675

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