3516 Division Avenue S, Grandville, MI 49418
Turnkey Drive-Thru Investment | NNN Leased Ghost Kitchen | 6.21% Cap Rate
Retail
Lease Type: NNN
Asking Price $375,000
Property Description
Turnkey Drive-Thru Investment | NNN Leased Ghost Kitchen | 6.21% Cap Rate
This is a prime opportunity to acquire a standalone drive-thru property with a ghost kitchen tenant under a long-term NNN lease. Offering a stable, low-maintenance income stream, the investment boasts a 6.21% cap rate with an NOI of $23,300, and 2% annual rent increases.
Ideally situated near the new Corewell Health distribution center and Godwin Heights High School, the property is positioned to benefit from strong local demand and continued area growth. The building features both a drive-thru and walk-up window, aligning with current off-premise dining trends.
Located just north of 36th Street and Division Avenue—less than half a mile from US-131—the site sees over 15,000 vehicles per day, providing excellent visibility and access.
Property Highlights
- Drive Thru
- Walk-in Cooler
- Three Compartment Sink
- Walk-up Window