Walmart Outparcel - 100% Occupied Retail Center
100% Occupied Retail Center - Walmart Outparcel - Strong West Michigan Retail Corridor
Marketing description
Walmart Outparcel – 100% Occupied Retail Center at 3295 Henry St, Muskegon, MI 49441 offers a compelling opportunity to acquire a fully leased, high-image retail asset in one of West Michigan’s strongest shopping corridors. Built in 2008, this 11,895 SF multi-tenant center sits on 1.41 acres as a premier Walmart outparcel directly across from Meijer, creating exceptional retail synergy and steady consumer traffic.
The property is anchored by a strong mix of national and service-oriented tenants, including AT&T, America’s Best Contacts & Eyeglasses, Sport Clips, Asian Express, and Biggby Coffee. Most tenants operate on NNN lease structures, providing a more passive ownership profile with reduced landlord responsibilities. Biggby Coffee’s drive-thru end cap further enhances long-term value and broadens future leasing appeal.
Positioned along heavily traveled Henry Street with excellent visibility, frontage, and access to US-31, the center is surrounded by major national retailers and restaurants, reinforcing its role within Muskegon’s dominant retail trade area. With 100% occupancy, staggered lease expirations, and durable in-place income, this asset combines stable cash flow with outstanding real estate fundamentals.
Investment highlights
- 11,895 SF, 100% occupied multi-tenant retail center constructed in 2008 and situated on 1.41 acres
- High-image retail center featuring a strong mix of national and service-oriented tenants including AT&T, Biggby Coffee, America’s Best Contacts & Eyeglasses, Sport Clips, and Asian Express
- Majority of tenants operate under triple net lease structures with tenants reimbursing operating expenses, helping minimize landlord responsibilities and management intensity
- Walmart Supercenter outparcel strategically positioned within one of Muskegon’s strongest and most established retail corridors
- Excellent visibility and frontage along heavily traveled Henry Street with strong daily traffic counts and outstanding accessibility
- Located directly across the street from Meijer Supercenter and surrounded by national retailers including Walmart, Meijer, McDonald’s, Tim Hortons, GameStop, Great Clips, PNC Bank, Domino’s Pizza, Aldi, Home Depot, Taco Bell, Subway, Burger King, and Chili’s
- Biggby Coffee occupies a highly desirable drive-thru equipped end cap location, creating longterm operational value and strong future backfill optionality for a wide variety of food, beverage, and service-oriented tenants
- Staggered lease expiration schedule provides income stability while limiting rollover exposure in any single year
- Positioned in the heart of Muskegon’s primary retail trade area, serving a large and established residential population with strong surrounding rooftops and favorable area demographics
- Muskegon continues to benefit from ongoing economic investment, regional retail demand, tourism, and proximity to Lake Michigan, making the corridor a longstanding retail destination for both local residents and regional consumers
- Excellent access to major thoroughfares including US-31 (Seaway Drive), providing strong regional connectivity throughout West Michigan
- Passive investment profile with stable in-place tenancy, strong national brands, reimbursement structures, and limited day-to-day management responsibilities
- Attractive combination of durable retail fundamentals, national tenancy, strong surrounding retail synergy, and long-term real estate positioning within an established West Michigan market
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