11 Year Hobby Lobby 12380-12386 Felch St

Investment Highlights

Early 10-year Hobby Lobby lease extension showing a strong commitment to the location Recent 10-year lease extension with Furniture & Mattress Warehouse Easy access to US Highway 31 and I-196 Heavy retail corridor with Lowes, Walmart, and Meijer nearby

Executive Summary

The Twist Capital Team of Colliers is pleased to offer for sale, to qualified investors, the opportunity to acquire this two-tenant asset located in Holland, Michigan. Early 10-Year Lease Extension from Hobby Lobby showing a long-term commitment to the site. Excellent cap rate for a long-term credit tenant.West Shore Plaza II is located off of US Highway 31, a major north-south corridor through western Michigan. It is situated in an area with a well-balanced mix of retail, hospitality, and residential, including Westshore Mall, immediately to the south of the property.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Retail
• Building Size    80,953
• Building Class    C
• Year Built/Renovated    1985/2015
• Price    5,520,662
• Price Per SF    68
• Cap Rate    7.25
• NOI    400,248
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Loading Docks    2 Exterior
• Building FAR    0.29
• Land Acres    6.31 AC

• Dedicated Turn Lane
• Pylon Sign
• Signage