Kohl's | Holland, MI

12288 Felch Street, Holland, MI

$5,470,387

Price

7.5%

Cap Rate

$410,279

NOI

Overview
Cap Rate
7.5%
NOI
$410,279
Building Size
76,595 sqft
Lot Area
9.06 acres
Occupancy
100%
Units
1
Year Built
1994
Parking Spots
472
Description

Brisky Net Lease is pleased to offer this long-term leased Kohl's in a great Midwest market. The investment opportunity has a newer roof with minimal landlord responsibilities, over 8 years remaining, and six 5-year options. It offers investors the chance to invest in the largest department store chain in the United States with over 1,100 locations. This very established Kohl's has a long track record at this location going back nearly 30 years. The surrounding retail area includes tenants such as Hobby Lobby, Burlington, Dunham's, Lowe's T.J. Maxx, Ulta, Aldi, Walmart, Sam's Club, and many, many others! Holland is located in western Michigan along the eastern shore of Lake Michigan on Lake Macatawa.

Holland is a popular tourist destination and was named by Forbes Magazine as one of America's Prettiest Towns. The community is also known for its downtown with heated streets, cobblestone sidewalks, and over 100 shops and restaurants. Holland State Park is known for its sugar-sand beach and views of the 'Big Red' lighthouse. Holland is also home to the world's largest pickle factory.

Kohl's is the largest department store chain in the United States in addition to being one of the nation's largest retailers. The company is headquartered in Menomonee Falls, WI, and was founded in 1962 by a Polish immigrant, Maxwell Kohl. The publicly held company now has more than 1,100 stores and over 100,000 employees.

Broker of Record: Bang Realty-Michigan, Inc | Brian Brockman MI #6502428679

Need description

Highlights
  • Largest Department Store Chain in the U.S.
  • Limited Landlord Responsibilities
  • Long Established Tenant
  • Excellent Retail Location
  • Publicly Held Company
  • Corporate Guarantee
  • Roof Warranty
Documents

Location
Gallery