7.25 Cap | Hobby Lobby | Holland MI

12386 Felch Street, Holland, MI

$5,520,662

Price

7.25%

Cap Rate

80,280 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
7.25%
Building Size
80,280 sqft
Lot Area
6.31 acres
Occupancy
100%
Year Built
1985
Tenancy
Multiple
Gross Leaseable Area
80280
Lease Expire Year
08/31/2034
Description

The Twist Capital Team of Colliers International is pleased to offer for sale to qualified investors the opportunity to acquire this two-tenant asset located in Holland, Michigan.

The property is located off of US Highway 31, a major north-south corridor through western Michigan. Occupied by Hobby Lobby and Furniture Warehouse, the building is situated in an area with a well-balanced mix of retail, hospitality, and residential, including Westshore Mall immediately to the south.

Highlights
  • Early 10-year lease extension with Hobby Lobby showing a strong commitment to the site.
  • Recent lease extension with Furniture Warehouse
  • Hobby Lobby is #64 on Forbes list of America's largest private copmanies
  • Landlord responsibilities: Roof and Structure
  • Easy access to US Highway 31 and I-196
  • Heavy retail corridor with Lowes, Walmart, and Meijer nearby
Documents
Title
Hobby_Lobby_Holland_MI_Rev_OM.pdf
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Location
Gallery