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5530 Harvey St
Muskegon, MI 49444

$2,140,000 USD

Auto Repair For Sale  •  1,763 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 1,763 SF
  • Lot Size 1 AC
  • Building Class C
  • Year Built 2024
  • Cap Rate 6.50 %
  • Tenancy Single
  • Zoning PUD
0 Transit Score
46 Walk Score

Highlights

15-year absolute net lease with rental increases every 5 years
2024 build-to-suit construction to tenant’s latest prototype
Outparcel to The Lakes Mall with direct ingress/egress from Harvey Street – 22,875 VPD
The Lakes Mall is a 645,000 SF regional mall subject to 3.2M annual visitors, which ranks in the 90th percentile of malls in Michigan per Placer.ai
Experienced Take 5 operator that previously worked for Take 5 corporate for 20 years (16-unit franchisee with locations in IL and MI)
Zero maintenance/expense obligations for the landlord making this a truly “hands-off” investment

Property Flyers

Cap Rate: 6.50 %
John Andreini 650-678-7200 CP Partners CRE
John Andreini 650-678-7200 CP Partners CRE