12288 Felch Street, Holland, MI, USA
$7,346,667 7.50% Cap 76,595 sq ft Built 2005 Representative Photo Print This Page


12288 Felch Street, Holland, MI, USA

Price: $7,346,667
Cap Rate: 7.50%
Net Operating Income: $551,000
Square-Footage: 76,595
Lot Size: 9.06 AC
Year Built: 2005

100% Fee Simple InterestAt Entrance to Major MallHeavily Trafficked LocationLocated on a Major Commercial ThoroughfareMinimal Landlord ObligationsNet Leased OfferingSurrounded by Major Retailers

This represents a 100% fee simple interest in a 76,595 +/- gross square foot building located in Holland, Michigan. This single-tenant property is leased to Kohl’s Corporation (NYSE:KSS).

There are 7 years remaining on the initial net lease with six 5 year options. The rent increases 5% every five years.

Holland is a city on the shore of Lake Macatawa, in Michigan. The much-photographed Big Red Lighthouse stands by the channel that connects this lake to Lake Michigan. Nearby, the beachfront Holland State Park shelters deer and migratory birds. Windmill Island Gardens is home to De Zwaan, a centuries-old windmill. May’s Tulip Time Festival, recalling Holland’s Dutch roots, sees tulips blooming all over the city.

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Kase Abusharkh Founding Principal View profile
Jacob Abusharkh Managing Principal View profile

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