Excellent NNN investment opportunity in this great community on the shores of Lake Michigan. Long-term national tenant, Art Van Furniture, has strong sales & 18 years remaining on this absolute net lease.
Well located in a retail corridor with close proximity to major retailers such as Walmart and Meijer. Additionally, the former Kmart located (behind Art Van) has been approved for a mixed use redevelopment that will include multifamily, medical offices & retail. As an investor, appreciate the attractive 7.4 cap yield, along with annual rent bumps and sales reporting.
Muskegon is the largest populated city on the western shores of Lake Michigan. It is a popular tourist destination with 26 miles of sugar-sand beaches. Muskegon is the county seat of Muskegon County & is located about 40 miles north & west of Grand Rapids.
Art Van Furniture features classic furniture reinvented for modern living. The company was founded in 1959 by Art Van Elslander in Detroit, MI and he was the sole employee of the first store. Today Art Van Furniture has more than 190 stores in nine states.*
*From artvan.com
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Brisky Net Lease is a relationship driven boutique CRE firm headquartered in Minneapolis, MN. We strive to provide an extremely high level of service with a national reach. If you would like more information on any of our listings, please contact us at 612-413-4200 or visit www.briskynetlease.com.
Listed in conjunction with Michigan broker DZ Net Lease Realty, LLC license 6505381227
