3305 E PARIS AVE SE, Grand Rapids, MI 49512
Commercial property for lease
- Description
- The SVN Colvin Team at Silveri Company presents this triple net leased opportunity. Yaseens Barber Shop, a very popular Grand Rapids enterprise, has been in this location for several years. They just signed a new 10-year lease, absolute triple net, starting July 15, 2017. The lease has annual increases of 2%. There is a 5 year renewal period with same increases. Yaseens Barber Shop completely remodeled the building making a substantial investment. This is a unique barbershop as it offers razor shaves, facial threading, facials, nails, haircuts and more. Currently, there are 3 barbers and a steady flow of business from morning to night. This Grand Rapids investment property is located just south of the two major regional malls and the busy retail corridor of 28th Street. The Barbershop is located across the street from Woodland Creek Apartments, in front of a grocery store and near Burger King, Checkers, PetSmart, Dave and Busters, Outback Steakhouse, Denny's, Red Lobster and many more national retailers. There is a very recent clean phase 1 and an existing survey, making this an easy 1031 purchase. This very densely populated area has a 5 Mile radius of 134,000 Building price details: $179,900.
- Contact info
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Peter ColvinSVN Silveri Company
- Note
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- Property Details
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Property Type: Commercial (Other) Status: Available Lot Size: 0.200 Acres Number of Stories: 1 Submarket: Free-Standing Building, Other, General MSA: Grand Rapids-Wyoming Zoning: C4 Buildings: 1 Tenancy: Single Tenant Construction: Brick Terms: Cash to Seller Added: 12/20/2017