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32377338
32377337

4329 Plainfield Ave NE, Grand Rapids, MI 49525

BV
CA 01792092, CA 02047928
Visintainer Group
Fresno-Visintainer Group
Listed by Visintainer Group, Fresno-Visintainer Group
$3,370,000
25 days on market
Updated 25 days ago

Christian Brothers Automotive

Details
APN 41-10-34-101-042
Property Type Retail
Sub Type Auto Shop
Square Footage 5,810
Cap Rate 6.00%
NOI $202,188
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 09/15/2036
Remaining Term 10.3
Rent Bumps Yes
Lease Options 5 (Five) - 10 Year Options
Year Built 2021
Acreage 1.130
Investment Type Net Lease
Lease Commencement 09/16/2021
Ground Lease No
Sale Condition For sale by owner

Retail | 6.00% CAP | 5,810 SqFt

Marketing description

Christian Brothers Automotive – Grand Rapids, MI presents the opportunity to acquire a newly constructed (2021) single-tenant net leased investment occupied by a nationally recognized automotive service operator with a long-term corporate lease structure. The property is secured by an Absolute NNN lease with zero landlord responsibilities and over 10 years remaining on the initial lease term, providing investors with durable passive income and built-in annual rent increases.

Situated along Plainfield Avenue NE, the property benefits from exceptional visibility with traffic counts exceeding 33,000 vehicles per day and direct connectivity to Interstate 96 and U.S. Route 131. The site is positioned as a Lowe’s shadow-anchored outparcel within North Kent Shopping Center alongside national retailers including Dollar Tree and Dunham’s Sports, supporting strong consumer traffic and long-term real estate fundamentals.

Christian Brothers Automotive operates more than 300 locations across 30+ states and has built a strong reputation as a premium automotive maintenance and repair provider. The tenant offers a comprehensive range of services for gas, hybrid, and electric vehicles, positioning the business to benefit from recurring demand within the essential automotive service sector. The company has continued to expand nationally while maintaining strong customer satisfaction rankings and operational consistency.

Located within the Grand Rapids metropolitan area — one of the Midwest’s strongest regional economies — the investment benefits from continued population growth, strong household incomes, and a diversified employment base anchored by healthcare, manufacturing, logistics, and professional services.

Investment highlights

  • Absolute NNN Lease Structure – No Landlord Responsibilities
  • Long-Term Corporate Lease with Over 10 Years Remaining
  • 1.50% Annual Rental Increases Throughout Primary Term
  • 2021 Construction Offering Minimal Near-Term Capital Needs
  • Christian Brothers Automotive Operates 300+ Locations Across 30+ States
  • Essential-Service Tenant Providing Automotive Repair & Maintenance
  • Full-Service Operator Supporting Gas, Hybrid & Electric Vehicles
  • Positioned Along Plainfield Avenue NE with 33,000+ Vehicles Per Day
  • Direct Access to Interstate 96 & U.S. Route 131
  • Lowe’s Shadow-Anchored Location Within North Kent Shopping Center
  • Surrounding National Retailers Include Dollar Tree and Dunham’s Sports
  • Affluent Demographics with Average Household Incomes Exceeding $120,000 Within 3 Miles
  • Located in the Growing Grand Rapids MSA with Strong Economic Fundamentals
  • Passive Investment Opportunity with Stable Cash Flow and Built-In Rent Growth

Listing Contacts

BV
CA 01792092, CA 02047928
Visintainer Group
Fresno-Visintainer Group
Listed by Visintainer Group, Fresno-Visintainer Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$202,188.00
$16,849.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Scott Reid
License
6505425224
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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