Retail Space / Michigan / Grand Rapids / 49503 / 363 State Street Southeast

363 State Street Southeast

Q: What is the asking price for 363 State Street Southeast in Grand Rapids?

The asking price for 363 State Street Southeast is $1,672,000

Q: What is the building size of this Retail property in Grand Rapids, MI?

The size of the building/unit at 363 State Street Southeast in Grand Rapids is 8,768 square feet.

Q: How much land does the Grand Rapids, MI property at 363 State Street Southeast include?

363 State Street Southeast in Grand Rapids includes 1.000 acres of land.

Q: What kind of Retail is the propery at 363 State Street Southeast?

The property at 363 State Street Southeast Grand Rapids, MI 49503 is listed as a Free Standing Building Retail property.

Q: What is the population within 1 mile of 363 State Street Southeast?

The population within 1 mile of 363 State Street Southeast Grand Rapids, MI 49503 is 22,602 people.

Q: Who do I contact for questions about 363 State Street Southeast?

You should contact the listing agent, Michael Carter, for any details regarding this commercial listing.

Grand Rapids, MI 49503

Listing ID: 253726

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Building Size: 8,768 SF

Lot Size: 1.000 AC

Land Size: 43,560 SF

Building $/SF: $190.69

Land $/SF: $38.38

Price

$1,672,000

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, investment grade (S&P: BBB), corporate guaranteed, Dollar General investment property located in Grand Rapids, Michigan. The tenant, Dolgencorp, LLC has approximately 6.5 years remaining in their initial term with 4 (5-year) option periods to extend. The lease features a 10% rental increase in September 2022 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by Dollar General Corporation, a nationally recognized brand with over 15,000 locations. Landlord responsibilities are limited to roof and structure, making it an ideal, low-management investment opportunity for an out-of-state investor.

Points of Interest & Demographic Radii

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Grand Rapids History of Retail Space for Sale

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Listing Demographics for 363 State Street Southeast Grand Rapids, MI 49503

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		22,602	149,412	270,201
Population Median Age		34	33	36
Population by Age	0-9 Yrs	1836 (8%)	20901 (13%)	36097 (13%)
	10-19 Yrs	2188 (9%)	20092 (13%)	34623 (12%)
	20-29 Yrs	7390 (32%)	33597 (22%)	53213 (19%)
	30-39 Yrs	4064 (17%)	23526 (15%)	40499 (14%)
	40-49 Yrs	2265 (10%)	16023 (10%)	28546 (10%)
	50-59 Yrs	2381 (10%)	15516 (10%)	30469 (11%)
	60-69 Yrs	1625 (7%)	11367 (7%)	24419 (9%)
	70+ Yrs	853 (3%)	8391 (5%)	22335 (8%)

Median HH Income		$45,600	$48,688	$53,177
Total Household Income	< 24K	3081 (29%)	14219 (25%)	22715 (22%)
	25-49K	2516 (24%)	13936 (25%)	25633 (25%)
	50-74K	1942 (18%)	10393 (18%)	19591 (19%)
	75-99K	1005 (9%)	6386 (11%)	13173 (12%)
	100-199K	1365 (13%)	7753 (14%)	16485 (16%)
	200K+	550 (5%)	2271 (4%)	4385 (4%)

Highest Education Level	No Diploma	1388	14546	22703
	Diploma or GED	2442	20017	40350
	Some College	2772	18227	35792
	Assoc. Degree	1163	6834	13715
	Bachelors Degree	5117	21968	41160
	Higher Degree	2582	11055	20913

Total Housing Units		11,739	60,382	109,464
--Owner-Occupied		3,286	29,166	61,039
--Renter-Occupied		7,175	25,792	40,943
Owner-Occupied Values	< 100K	729	8866	14331
	100-199K	1237	13396	30652
	200-299K	677	3509	8833
	300-399K	397	1467	3300
	400-499K	59	639	1613
	500K+	186	1288	2310

Total Working Age Population		19,542	116,366	213,800
In Work Force		14,843	82,763	147,540
Not In Work Force		4,699	33,603	66,260
Workforce Employed		13,709	77,354	139,173
Workforce Unemployed		1,126	5,391	8,236
Civlian Workforce		14,835	82,746	147,408
Military Workforce		9	17	131

Total Households		10,461	54,958	101,982
Family Households		3,668	30,675	59,375
Non-Family Households		6,793	24,283	42,607
Married Couple		2,336	18,772	40,397
Other Family		1,331	11,903	18,979
Married w/Child		740	8,256	16,752
Single Male w/Child		156	1,764	2,808
Single Female w/Child		669	5,434	7,947

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Michigan	9,938,444	-1	9,883,640	+1	10,023,423	+4	10,424,510
Kent County	574,335	+5	602,622	+11	668,535	+12	746,921

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 363 State Street Southeast in Grand Rapids?

The asking price for 363 State Street Southeast is $1,672,000

What is the building size of this Retail property in Grand Rapids, MI?

The size of the building/unit at 363 State Street Southeast in Grand Rapids is 8,768 square feet

How much land does the Grand Rapids, MI property at 363 State Street Southeast include?

363 State Street Southeast in Grand Rapids includes 1.000 acres of land

What kind of Retail is the propery at 363 State Street Southeast?

The property at 363 State Street Southeast Grand Rapids, MI 49503 is listed as a Free Standing Building Retail property

What is the population within 1 mile of 363 State Street Southeast in Grand Rapids?

The population within 1 mile of 363 State Street Southeast Grand Rapids, MI 49503 is 22,602 people.

Who do I contact for questions about 363 State Street Southeast?

You should contact the listing agent, Michael Carter, for any details regarding this commercial listing.

Other Listings for Sale Nearby

Address	Price	Sq Ft	Acres
343 La Grave Avenue Southeast, Grand Rapids, MI	$2,200,000	6250	0.43
60 Monroe Center Street Northwest, Grand Rapids, MI	$2,995,000	16993	0.19
601 Eastern Avenue Southeast, Grand Rapids, MI	$1,700,000	16526	0.46
958 Fulton Street East, Grand Rapids, MI	$1,800,000	13168	0.32
1031 Division Avenue South, Grand Rapids, MI	$275,000	4039	0.1
1103 Division Avenue South, Grand Rapids, MI	$750,000	12708	0.35
648 Bridge Street Northwest, Grand Rapids, MI	$2,300,000	16824	1
1547 Leonard Street Northeast, Grand Rapids, MI	$380,000	2622	0.23
2184 Wealthy Street Southeast, Grand Rapids, MI	$1,500,000	4151	0.1
345 Knapp Street Northeast, Grand Rapids, MI	$499,000	5435	0.27

Closest Commercial Airports

Airport	Distance (mi)
MBS International Airport (MBS)	89
South Bend Regional Airport (SBN)	93
General Mitchell International Airport (MKE)	113