Listed by B+E
$4,250,000
SRS Distribution | 2026 Build-to-Suit | Grand Rapids MSA
Details
Property Type Industrial
Sub Type Warehouse, Ios
Square Footage 13,264
Net Rentable (SqFt) 13,264
Units 13
Cap Rate 6.50%
NOI $276,636
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 7
Lease Expiration 04/30/2033
Remaining Term 6.9
Rent Bumps Yes
Lease Options 2; 5-Year
Price per SqFt $320
Year Built 2026
Buildings 1
Stories 1
Acreage 7.800
Zoning C2 - Regional Commercial
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2026
Ground Lease No
SRS Distribution | 2026 Build-to-Suit | Grand Rapids MSA | NNN
Marketing description
Exclusively Listed By:
Carson Jeremiah | Associate Director | 469.949.7540 | [email protected]
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | [email protected]
In association with Kristen Zimmerman | MI License #: 6504411293
Investment highlights
- BRAND NEW 2026 BUILT-TO-SUIT CONSTRUCTION
- NEWLY EXECUTED NNN LEASE | 2.5% ANNUAL ESCALATIONS
- SRS DISTRIBUTION, INC. | LEADER IN ROOFING & BUILDING SUPPLIES | $18 BILLION TENANT ENTITY
- HIGH BARRIER TO ENTRY | 1.62% IOS VACANCY | STRONG IOS DEMAND
- FUTURE EXPANSION AREA (± 0.57 AC)
- LARGE PARCEL SIZE | ± 7.80 AC | SITE COVERAGE (3.9%)
- EXCELLENT ACCESSIBILITY TO MAJOR MSAS | ACCESS TO I-96 & I-196
- INDUSTRIAL OUTDOOR STORAGE (IOS)
Listing Contacts
Listed by B+E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$276,636.00
$23,053.00/mo
Valuation Metrics
0
DSCR
6.51%
Cap Rate
6.51%
ROI
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