Portage, MI - Star Crane & Hoist
$375,000
8722 Portage Industrial Drive, Portage, MI 49024
7.35
Cap Rate
27,500
NOI
Details:
Description:
• All-Lift Systems, LLC (37+ Locations) Corporate signed lease
• 2 years remaining with 2 (5-year) option periods to extend
• The lease features 5% rental increases at the beginning of each option period
• The property also benefits from additional billboard income through March 2026
• The tenant has operated at this location for 13+ years, demonstrating their commitment to the site
• The subject property is located directly across from a Meijer anchored center that also features a Starbucks outparcel
• In close proximity to a Walmart Supercenter anchored center with an Arby’s outparcel
• Located near the intersection of Shaver Road and W Centre Ave, which combine to average 35,000 vehicles passing by daily
• Strong tenant synergy promotes crossover shopping to the subject property
Location

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