Total Wine | Crunch Fitness
$14,850,000
4901-4923 28th Street Southeast, Kentwood, MI 49512
For Sale
Retail
Free Standing
Active
Last Updated: 02/09/2026
6.75
Cap Rate
1,002,381
NOI
Details:
Cap Rate: 6.75%
NOI: $1,002,381
Building Size: 74,250 sqft
Lot Area: 6.53 acres
Occupancy: 100%
Year Built: 1995
Highlights:
- Michigan's FIRST And BUSIEST Total Wine & More Location | Brand New 10-Year Corporate Lease | 6-Years Remaining
- Minimal Landlord Responsibilities | New Roof (2021) W/ Warranty & All New HVAC Servicing The Total Wine Space
- Crunch Fitness Signed A New 10-Year Lease W/ Increases In Base Term & Option Periods
- National Destination Tenancy — Crunch Fitness & Total Wine & More | Both Tenants Are Top-Performing National Brands That Drive Heavy, Consistent Customer Traffic
- High-Profile Retail Asset Located In The Prestigious East Grand Rapids Sub-Market | Affluent And Thriving Market | 3-Mile Average Household Income Of $106,830+
- Positioned Along 28th Street SE And Accessible From Patterson Ave | Combined Traffic Counts Exceed 59,255+ VPD
- Immediate Access To On/Off Ramps Of Interstate-96 (70,798+ VPD) | 2.7 Miles To Gerald R. Ford International Airport
- Strong Surrounding Retail Trade Area | Located In One Of Grand Rapids’ Most Robust Retail Nodes | Adjacent To Costco, The Home Depot, Target, Dick's Sporting Goods, Staples, Bob Evans, Meijer, Longhorn Steakhouse, Starbucks, Applebee's And Many More National Credit Tenants, Major Big-Box Anchors, Restaurants, Hospitality, And Auto Dealerships — Reinforcing Long-Term Real Estate Demand And Liquidity
Location
