Offering Memorandum
Investment Sale
The Learning Experience
3392 E Beltline Ave NE
Grand Rapids, Michigan
Grand Rapids, Michigan
eCode:059i
Sales Price
$4,428,571
NOI
$310,000
Cap Rate
7.00%
Lease Expiration
4/30/2038
Building Size
10,000 SF
Lot Size
3.54 AC
Year Built
2022
Traffic Count
E Beltline Ave NE (31,333 CPD)
Highlights
- 15 Year Lease | 8.00% Rent Increases Every 5 Years
- Corporate Guaranty | Strong Local Operator
- Fast-Growing Early Education Market
- Minimal Landlord Responsibilities
- Modern Construction
- Affluent Area
- Adjacent to Multiple New Residential Developments
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 2,974 | 37,926 | 111,462 |
| Household Income | $166,149 | $130,282 | $116,546 |
| Daytime Pop | 823 | 14,552 | 43,001 |
SIMILAR PROPERTIES
Single-Tenant
219 Jari Dr
Johnstown, Pennsylvania
$4,814,457 | 19,200 SF
Johnstown, Pennsylvania
$4,814,457 | 19,200 SF
Multi-Tenant
17000 Kercheval Ave
Grosse Pointe, Michigan
Unpriced | 78,058 SF
Grosse Pointe, Michigan
Unpriced | 78,058 SF
