Listed by ParaSell Inc, CrownPoint Partners
$1,678,000
15 Yr Abs NNN Dental | 15 Yr Abs Net | Norton Shores, MI
Details
APN 27-012-200-0020-00
Property Type Retail, Office
Sub Type Medical Office
Square Footage 13,778
Units 30
Cap Rate 7.15%
Occupancy 100%
Tenancy Single
Brand/Tenant Aspen Dental, Heartland Dental
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 2X 5 YEAR
Price per SqFt $122
Broker Co-Op True
Year Renovated 2026
Buildings 1
Acreage 1.730
Investment Type Net Lease
Lease Commencement 05/11/2026
Ground Lease No
Ownership Fee Simple
15 Yr Abs Net | Norton Shores, MI
Investment highlights
PROPERTY HIGHLIGHTS
- 15-year Absolute Net Lease Offers Predictable Cash Flow with Zero Landlord Responsibilities.
- Occupied by a Well-Established Company with a History of Success and Industry Leadership.
- Operated by an Experienced Tenant with a Track Record of Reliable Operations and Growth.
- Absolute Net Lease with 2.5% Annual Rent Escalations Ensures Reliable Income and Built-In Rental Growth.
- No Landlord Responsibilities and Potential Tax Advantages, Including Opportunities for Accelerated Depreciation.
- Multi-Building Office and Medical Complex Totaling Approximately 13,788 SF on 1.73 Acres
- Strategically Positioned Along West Norton Avenue Within an Established Medical and Office Corridor with Strong Visibility and Accessibility
- Located Within a High-Traffic Retail and Service Corridor Surrounded by National Tenants and Dense Residential Neighborhoods Supporting Tenant Demand
- Situated on a Well-Configured Site with Ample Parking and Multiple Buildings Allowing for Flexible Leasing and Multi-Tenant Use
- Positioned Along West Norton Avenue, a Primary Commercial Corridor Serving Norton Shores and the Greater Muskegon Trade Area
- Excellent Visibility with Frontage Along West Norton Avenue Seeing Approximately 8,500+ Vehicles Per Day
- Located Near the Signalized Intersection of West Norton Avenue and Henry Street, a Major North-South Retail Corridor with Over 10,000 Vehicles Per Day
- Situated Within a Dense Retail Corridor Anchored by National Tenants Including Walmart, Meijer, The Home Depot, and Aldi Driving Consistent Consumer Traffic
- Surrounded by Numerous National and Regional Retailers, Restaurants, and Service-Based Businesses Supporting Strong Daily Traffic
- Proximity to Muskegon's Primary Retail Hubs and Shopping Centers Drawing Consumers from Across the Lakeshore Region
- Located Minutes from Lake Michigan and Mona Lake, Enhancing Area Desirability and Supporting Long-Term Residential Growth
- Strong Local Demographics with Over 86,000 Residents Within a 5-Mile Radius Supporting Sustainable Demand
Listing Contacts
Listed by ParaSell Inc, CrownPoint Partners
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