Total Wine | Crunch Fitness
Trophy Center Anchored by Total Wine | Grand Rapids, MI
Marketing description
Encore Real Estate Investment Services is pleased to present the opportunity to acquire a premier multi-tenant retail asset anchored by nationally recognized tenants Total Wine & More and Crunch Fitness, strategically located along the highly trafficked 28th Street SE corridor in Grand Rapids, Michigan. This dominant retail corridor serves as the primary commercial artery of the market, benefiting from exceptional visibility, strong traffic counts, and proximity to Gerald R. Ford International Airport. The property features a synergistic tenant mix driving consistent foot traffic, with both tenants operating under new long-term leases that provide stable, predictable cash flow. Surrounded by a dense concentration of national retailers, hotels, and regional demand drivers, this offering represents a rare opportunity to acquire an institutional-quality asset in one of West Michigan’s most active, fastest-growing and desirable retail corridors.
Investment highlights
- Michigan's FIRST And BUSIEST Total Wine & More Location | Brand New 10-Year Corporate Lease | 6-Years Remaining
- Minimal Landlord Responsibilities | New Roof (2021) W/ Warranty & All New HVAC Servicing The Total Wine Space
- Crunch Fitness Signed A New 10-Year Lease W/ Increases In Base Term & Option Periods
- National Destination Tenancy — Crunch Fitness & Total Wine & More | Both Tenants Are Top-Performing National Brands That Drive Heavy, Consistent Customer Traffic
- High-Profile Retail Asset Located In The Prestigious East Grand Rapids Sub-Market | Affluent And Thriving Market | 3-Mile Average Household Income Of $106,830+
- Positioned Along 28th Street SE And Accessible From Patterson Ave | Combined Traffic Counts Exceed 59,255+ VPD
- Immediate Access To On/Off Ramps Of Interstate-96 (70,798+ VPD) | 2.7 Miles To Gerald R. Ford International Airport
- Strong Surrounding Retail Trade Area | Located In One Of Grand Rapids’ Most Robust Retail Nodes | Adjacent To Costco, The Home Depot, Target, Dick's Sporting Goods, Staples, Bob Evans, Meijer, Longhorn Steakhouse, Starbucks, Applebee's And Many More National Credit Tenants, Major Big-Box Anchors, Restaurants, Hospitality, And Auto Dealerships — Reinforcing Long-Term Real Estate Demand And Liquidity
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