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12380-12386 Felch St
Holland, MI 49424

$5,520,662 USD

General Retail For Sale  •  80,953 SF

Property Details

• Property Type General Retail
• Total Building Size 80,953 SF
• Lot Size 6.31 AC
• Building Class C
• Year Built 1985
• Cap Rate 7.25 %
• Tenancy Multiple
• Zoning C-2

0 Transit Score

56 Walk Score

Highlights

Early 10-year Hobby Lobby lease extension showing a strong commitment to the location

Easy access to US Highway 31 and I-196

Recent 10-year lease extension with Furniture & Mattress Warehouse

Heavy retail corridor with Lowes, Walmart, and Meijer nearby

Property Flyers

Hobby Lobby Holland MI OM - 10.16.23

Financial Summary (Actual)

Net Operating Income: $400,248 USD (2022)

Cap Rate:

7.25 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Furniture And Mattress Warehouse	25,000 SF	8/31/2034
Hobby Lobby	55,280 SF	8/31/2034

Amenities

• Dedicated Turn Lane
• Pylon Sign
• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Holland Amtrak Station (Pere Marquette - Amtrak)	6 min	-	3.1 mi
Airport	Drive	Walk	Distance
Gerald R Ford International	46 min	-	34.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	689
Type:	Surface
Included in Rent:	Yes