Grocery Store
Metro Health Village-Family Fare
2275 Health Dr SW, Wyoming, MI 49519
Listing Price: $10,846,000
Investment Overview
Marcus & Millichap is pleased to present Family Fare Supermarkets in Wyoming, Michigan. Family Fare Supermarket occupies the 50,000 square foot property with nine years left on the lease term. Additionally, Family Fare has a fuel station on the premises that provides additional income with a ground lease, depicted in the overall net operating income. Overall, the two occupy over seven acres of land. Family Fare Supermarkets is owned by SpartanNash Company, an American food distributor. The company is global supply chain network with facilities in several countries. Their customers span a diverse group of national accounts, independent and chain grocers, e-commerce retailers, U.S. military commissaries, and brick and mortar stores, pharmacies and fuel centers. They provide household goods and groceries to all 50 states in the United States, and several countries. The company owns 145 supermarkets: primarily under the names, Family Fare, and D&W Fresh Market.
Exclusively Listed By
Listing Price: $10,846,000
Investment Highlights
- 50.,000 square foot supermarket and fuel station | Triple-Net Lease and ground lease
- Initial twenty-year term expires 2032 | Five 5-year options for renewal
- Located on over seven acres | Grand Rapids submarket
Investment Overview
Marcus & Millichap is pleased to present Family Fare Supermarkets in Wyoming, Michigan. Family Fare Supermarket occupies the 50,000 square foot property with nine years left on the lease term. Additionally, Family Fare has a fuel station on the premises that provides additional income with a ground lease, depicted in the overall net operating income. Overall, the two occupy over seven acres of land. Family Fare Supermarkets is owned by SpartanNash Company, an American food distributor. The company is global supply chain network with facilities in several countries. Their customers span a diverse group of national accounts, independent and chain grocers, e-commerce retailers, U.S. military commissaries, and brick and mortar stores, pharmacies and fuel centers. They provide household goods and groceries to all 50 states in the United States, and several countries. The company owns 145 supermarkets: primarily under the names, Family Fare, and D&W Fresh Market.
Exclusively Listed By
