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Shopping Community

Beacon Plaza

1101 S Beacon Blvd, Grand Haven, MI 49417

Listing Price: $6,550,000

Cap Rate
8.51%
Gross SF
79,201
Rentable SF
79,201
Price/Gross SF
$82.70
Lot Size
7.50 acres
Year Built
1975

Investment Overview

98% occupied neighborhood plaza in Grand Haven, near Grand Rapids, MI. Tenant mix - 60% retail and 40% medical/health. Nine of 11 tenants on triple net leases with five having annual increases. Anchors - 24,000 Sq. Ft. Ace Hardware, Trinity Urgent Care, Rent-A-Center and regional medical device company CareLinc.

Investment Highlights

  • 98% Occupied Neighborhood Plaza with 60% Retail & 40% Medical/Health Tenant Mix
  • 65% of Tenants Have Annual CPI Increases and 94% are Triple Net
  • Located on Bus. US 31 (Beacon Blvd.) - ADTC 40,369
  • Grand Rapids MSA - 30 Miles West of Downtown Grand Rapids MI

Exclusively Listed By

Financing By

Shopping Community

Beacon Plaza

Listing Price: $6,550,000

Cap Rate
8.51%
Gross SF
79,201
Rentable SF
79,201
Price/Gross SF
$82.70
Lot Size
7.50 acres
Year Built
1975

Investment Highlights

  • 98% Occupied Neighborhood Plaza with 60% Retail & 40% Medical/Health Tenant Mix
  • 65% of Tenants Have Annual CPI Increases and 94% are Triple Net
  • Located on Bus. US 31 (Beacon Blvd.) - ADTC 40,369
  • Grand Rapids MSA - 30 Miles West of Downtown Grand Rapids MI

Investment Overview

98% occupied neighborhood plaza in Grand Haven, near Grand Rapids, MI. Tenant mix - 60% retail and 40% medical/health. Nine of 11 tenants on triple net leases with five having annual increases. Anchors - 24,000 Sq. Ft. Ace Hardware, Trinity Urgent Care, Rent-A-Center and regional medical device company CareLinc.

Exclusively Listed By

Financing By

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