Allendale, MI (Grand Rapids MSA) 49401

Arby's

Property Address

5187 Lake Michigan Drive, Allendale, MI, USA

Offering Summary

  • Price: $2,378,000
  • Lot Size: 0.79 Acres
  • Cap Rate: 5.75%
  • Year Built: 2018
  • Building SF: 2,109
  • Status: Available
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  • 12 Years Remaining on NNN Lease with Corporate Arby’s Guarantee
  • 10% Rental Increases Every Five Years with Multiple Renewal Options
  • Situated within the Grand Rapids MSA with Over 47,000 Residents within Five Miles
  • Newer 2018 Construction with a Drive-Thru
  • One Mile from Grand Valley State University, the Largest University in the Grand Rapids MSA with More Than 21,000 Students
  • Excellent Frontage Along Lake Michigan Drive (±31,400 Cars per Day), Allendale’s Primary Thoroughfare Providing a Direct Route into Grand Rapids
  • Surrounded by National Retailers: ALDI, Goodwill, McDonald’s, O’Reilly Auto Parts, etc.
  • Average Household Income Exceeds $98,000 within a Five-Mile Radius

Broker Information