Property History
This spacious 6,223 SF commercial/retail unit is located on Holland's north side is available for lease. Just off of US-31, this location is centrally located near many shops, restaurants, a community garden, and is easily accessible to Downtown Holland and Zeeland!
• Unique and vibrant Commercial Flex Space with great curb appeal • Air-conditioning • Nice tenant mix with variety of uses • Convenient location just off of US-31 • Next to Town Center Holland shopping center • Ample parking • Near many shops, hotels, restaurants, big box retailers, and much more • Accessible from James Street and 120th Ave
CBRE is pleased to exclusively offer investors the opportunity to acquire the fee-simple interest in Town Center Holland, a shopping center totaling 120,390 square feet across four buildings, in Holland, Michigan (the “property”). The property is situated next to the popular Nelis’ Dutch Village just off the commercial thoroughfare U.S. Route 31, which sees traffic counts of nearly 40,000 vehicles per day. Anchored by Planet Fitness and Carter’s, the converted outlet center is 78.2% leased, which provides investors with an outstanding opportunity to acquire a value-add retail center in a booming market.
Value-Add Opportunity
At a current occupancy level of 78.2%, and a retail availability rate of just 3.6% in the market as of Q3 2023, this investment provides a fantastic opportunity to lease up the vacant suites and increase cash flow at the property.
Strong Tenant Mix
Nine tenants have signed leases at the property since 2021, while tenants such as Planet Fitness and Carter’s have been at the property for over 10 years. This demonstrates both long-term tenancy and the ability to attract new tenants.
Growing Market
Over the last decade, Ottawa County has been growing at the fastest pace in the state, recording a 12.3% increase in population from 2010 to 2020. From 2020 to 2021, Holland Township led Ottawa County in population growth at 2.8%.
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