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29305814
29305813

5180 37th Ave, Hudsonville, MI 49426 For Sale

AM
NY 10401294047
SURMOUNT
FP
NY 10401333619
SURMOUNT
JK
NY 10401386896
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$3,450,000
184 days on market
Updated 84 days ago

GreatWater Garage

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 16,500
Cap Rate 6%
NOI $207,000
Occupancy 100%
Tenancy Single
Brand/Tenant GreatWater Garage
Lease Type NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Price per SqFt $209
Year Built 1977
Year Renovated 2025
Acreage 1.600
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Retail | 6.00% CAP | 16,500 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a GreatWater Garage located at 5180 37th Avenue, Hudsonville, MI 49426. The site consists of roughly 16,500 rentable square feet of building space on an estimated 1.60 -acre parcel of land. This GreatWater Garage is subject to a 20-year Triple Net (NNN) lease, which will commence upon the close of escrow. The annual rent will be $207,000 and has scheduled increases of 2.00% Annually.

Investment highlights

  • Corporate Guarantee from GreatWater 360 Auto Care | The lease is backed by a strong corporate guarantee from GreatWater 360 Auto Care, a nationally recognized automotive service platform with approximately 140 locations, providing investors with enhanced credit security. GreatWater 360 Auto Care’s growing portfolio across the Midwest and South underscores its proven operating model and reinforces the long-term stability.

  • Strong Demographics and Growing Population Base | The subject property is supported by exceptionally strong surrounding demographics, with average household incomes exceeding $115,000 within a three-mile radius, well above national averages. Additionally, the trade area includes more than 245 ,000 residents within a 10-mile radius, with steady population growth over the past five years and continued growth projected in the years ahead.

  • Near Downtown Grand Rapids | 1.1M+ MSA Population | The property benefits from close proximity to downtown Grand Rapids, providing access to one of West Michigan’s most dynamic economic and employment centers within the Grand Rapids MSA, which is home to more than 1.1 million residents. This strategic location enhances traffic flow, customer draw, and long-term demand, further strengthening the site’s overall investment appeal.

  • Dense Academic Region | 3,700+ Students | The site benefits from its proximity to multiple academic institutions, with four schools located within a 1.5-mile radius and more than 3,700 students enrolled, driving consistent daily traffic to the area. The steady flow of parents and guardians during school pick-up and drop-off hours enhances visibility and creates reliable, recurring customer exposure for the property.

Listing Contacts

AM
NY 10401294047
SURMOUNT
FP
NY 10401333619
SURMOUNT
JK
NY 10401386896
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$207,000.00
$17,250.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Brian Brockman
License
6502428679
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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