Premier Retail Center | National & Regional Tenant Mix | Grand Haven, MI

An exceptional opportunity to acquire a 40,428-square-foot trophy retail center positioned within the heart of Grand Haven, Michigan's premier commercial corridor. Offered at $6,962,963 (~$172/SF), this prime investment asset generates an in-place Net Operating Income (NOI) of $470,000. Situated on a sprawling 4.12-acre parcel at a high-volume signalized intersection, the center is 96.5% occupied, backed by a diverse roster of national and regional retailers under NNN lease structures.

Property Specifications & Financial Overview

• Offering Price: $6,962,963

• Price Per Square Foot: ~$172 / SF

• Annual Net Operating Income (NOI): $470,000

• Building Size: 40,428 Net Rentable SF

• Lot Size: 4.12 Acres (179,467 SF)

• Total Units: 12 Commercial Suites

• Occupancy Rate: 96.5% (Only 1,412 SF of immediate value-add vacancy)

• Lease Terms: NNN Leases extending through 2028–2035

• Capital Improvements: Brand-new roof installed across the entire center in mid-2023, complete with a 20-year transferable warranty.

High-Performing National Anchor Tenant Synergy

The shopping center features a balanced, recession-resilient mix of essential healthcare, retail, auto parts, and dining options:

• National & Regional Retailers: Anchored and supported by household brands including Dollar Tree, O'Reilly Auto Parts, Wingstop, Jet's Pizza, and Verizon Wireless.

• Predictable Cash Flow: Long-term leases extending through 2028–2035 provide durable income security and inflation-protected stability.

• Immediate Value-Add Potential: At 96.5% occupancy, the remaining 1,412 SF vacancy allows an investor to capture incremental upside and boost total annual NOI.

• Capital Protection: The 2023 roof replacement minimizes near-term capital expenditure exposure, preserving investor yield.

High-Visibility Signalized Location & Coastal Tourism

Situated along Grand Haven's primary commercial artery, the center captures exceptional exposure from local residents and year-round tourist traffic:

• High Daily Vehicle Counts: Positioned directly at a signalized hard corner drawing over 76,500 vehicles per day (VPD).

• Proximity to Lake Michigan: Located less than one mile from Downtown Grand Haven and Lake Michigan beaches, benefiting from a massive influx of more than 2.1 million annual visitors.

• Dominant Retail Corridor: Surrounded by high-volume corporate neighbors including The Home Depot, Staples, Advance Auto Parts, West Marine, Walgreens, Wendy's, Applebee's, Starbucks, Popeyes, Culver's, and Jimmy John's.

Strong Local Demographics

Grand Haven offers strong coastal demographics, steady employment, and robust consumer spending power:

3-Mile Demographics Profile:

• Total Population: 29,199 Residents

• Total Households: 13,037

• Average Household Income: $98,031

Key Investment Highlights

• Trophy 40,428 SF Retail Center on 4.12 Acres in Grand Haven's top commercial trade area.

• High-Yield NNN Investment offered at ~$172/SF with $470,000 in-place NOI.

• Brand-New 2023 Roof with a 20-year transferable warranty, drastically reducing CapEx risk.

• 96.5% Occupied with a diverse mix of national brands (Dollar Tree, O'Reilly, Wingstop, Jet's Pizza, Verizon).

• Signalized Hard-Corner Visibility capturing 76,500+ VPD less than a mile from Lake Michigan.

• Dense, Affluent Market with average household incomes exceeding $98,000 within 3 miles.