Vacant Checkers QSR | Holland, MI
Re-Lease & Redevelopment Opportunity - Existing freestanding dual-lane drive-thru building w/ pylon
Marketing description
The Northmarq National Restaurant Group is pleased to present this former single-tenant Checkers property located at 554 E 8th Street in Holland, Michigan. The asset offers investors a rare opportunity to acquire a freestanding drive-thru restaurant featuring dual-lane infrastructure, pylon signage, and full site utilities, allowing for immediate re-tenanting or redevelopment with minimal capital investment. Located along East 8th Street, one of Holland’s primary commercial corridors, the property benefits from direct connectivity to Downtown Holland, US-31, and I-196. The surrounding trade area includes over 58,000 residents within three miles and an average household income exceeding $90,000, supporting strong retail and restaurant demand. Major employers such as Haworth, Gentex, and LG Energy Solution’s new battery manufacturing facility, along with Hope College and Holland Hospital, contribute to a stable economic base and strong daytime population. The corridor continues to attract new residential and hospitality investment, including the planned 190-unit Lakewood Place Apartment Village and several nationally branded hotels within a three-mile radius. Supported by Holland’s year-round tourism, vibrant downtown, and pro-growth business environment, this location provides an exceptional opportunity to capture long-term value in one of West Michigan’s most stable and expanding markets.
Investment highlights
REDEVELOPMENT & RE-LEASE OPPORTUNITY | ESTABLISHED QSR INFRASTRUCTURE
Average 15+ year QSR cap rates in Michigan are at 5.98%, and Western Michigan's QSR's average rent is $114,498. This property is situated on a 0.72- acre parcel, has an existing freestanding dual-lane drive-thru building with pylon signage, full paving, and existing utilities, including grease trap and curb cuts. This is a strong redevelopment opportunity.
BUSINESS-FRIENDLY ENVIRONMENT
The City of Holland maintains a pro-development stance, offering streamlined permitting processes and infrastructure investment in its commercial corridors. The stable tax environment, coupled with strong consumer demand, positions this asset for sustainable long-term growth.
PROXIMITY TO DOWNTOWN HOLLAND & LAKE MICHIGAN
Ideally positioned just 1.2 miles east of Downtown Holland and 2 miles from the shores of Lake Michigan, the property offers seamless access to both the city’s lively core and the region’s premier natural attraction. Downtown Holland features a vibrant mix of boutiques, breweries, coffee shops, and national retailers such as Starbucks, Kilwins, Urban Found, and Sperry’s Moviehouse.
ATTRACTIVE DEMOS
The surrounding trade area features a stable and affluent population base supporting long-term retail demand. Within a 3-mile radius, the population exceeds 58,000 residents with an average household income (AHHI) of $90,998, rising to over $101,000 within 5 miles. The 1-mile trade area alone maintains over 6,800 residents with incomes above $78,000.
HOSPITALITY PRESENCE
The immediate trade area features a strong lodging base supporting Holland’s year-round tourism economy. Within a 3-mile radius of the property are several nationally recognized hotels, including the Courtyard by Marriott Holland Downtown (140 rooms, 1.2 miles west), DoubleTree by Hilton Holland (168 rooms, 1.5 miles south), and the Haworth Hotel (48 rooms, 1.1 miles west).
TOURISM & CULTURAL DEMAND DRIVER
Holland serves as one of West Michigan’s top leisure destinations, attracting visitors year-round with its charming downtown, waterfront access, and Dutch-inspired culture. The city’s annual Tulip Time Festival draws more than 500,000 visitors each spring, while nearby Holland State Park and Lake Michigan beaches continue to drive steady seasonal tourism.
PROXIMITY TO MAJOR EMPLOYERS & TRAFFIC DRIVERS
The property is minutes from downtown Holland, Hope College (3,400+ students), Holland Hospital (1,900+ employees), and major industrial employers such as Haworth, Gentex, and LG Energy Solution’s new battery plant.
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