4233 Kalamazoo Ave SE, Grand Rapids, MI 49508 For Sale

Colliers is pleased to present a Family Dollar located at 4233 Kalamazoo Avenue SE in Grand Rapids, Michigan. The property consists of approximate 8,640 square foot, single-tenant retail building on approximately .67 acres of land.

The existing lease is a double net (NN) lease with Family Dollar Stores of Michigan, LLC., which recently exercised their five-year renewal option. There are five, 5-year renewal options remaining with ten percent rental increases for each option. The Landlord responsibilities for the property are limited to only roof, structure, and parking lot expenses over $1,000 per year.

The site is an infill location in the 49th largest metro in the country and located on a signalized intersection, out lot to a 120,000 square foot retail center. It sees almost 20,000 vehicles per day on Kalamazoo Ave and an additional 30,000 on 44th Street just south of the building. This Family Dollar ranks in the top 71 percentile of Family Dollar locations nationwide, per placer.ai.