Year Build: 1985
Building Size: 80,280 SqFt.
No of Stories: 0
Total Lot Area: 6.31 Acre
No of Parking: 0
No of Total Units: 0
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
LoudLister is proud to present a Two-Tenant retail investment opportunity on Felch St just off US-31 Highway in Holland, MI The tenants, Hobby Lobby and Furniture Warehouse, have been in operation at this location for over ten (10) years. Furniture Warehouse signed a new ten (10) year lease in January 2017, while Hobby Lobby signed a fifteen (15) year lease in 2004 with over two (2) years remaining. The tenants signed NN lease requiring minimal landlord responsibilities. The lease also features two, five year options for renewal.
The subject property is located along the area’s major retail corridor and is surrounded by many national tenants including: Kohl’s, Burlington, JC Penny, Bed Bath & Beyond, Dick’s, Walmart, Sam’s Club, Art Van Furniture, Discount Tire, Lowe’s, Aldi, Pet Supplies Plus, Best Buy, Michael’s, Meijer and many more.