NNN Grocery Store Sale Leaseback

Belding is a charming riverfront community about 25 miles northeast of Grand Rapids.The SVN Colvin Team and Easy Leasebacks are proud to present this attractive sale leaseback opportunity. This Save A Lot Grocery Store has been an important part of the Belding and Greenville Communities for many years. The experienced grocery operator, Jorgensen’s Inc, is selling the land and building and will lease it back long term from the investor we choose. The lease will be Absolute Triple Net and have a 15 year base term plus two 5 year renewals. The rent will increase annually by 1%. The Jorgensen family has four locations and has been in the grocery business for decades. This 26,486 SF building sits on over 2.5 acres with very visible frontage and signage on M-91, the major connector highway from M-44 to M-57, linking Belding to Greenville. The Save A Lot is just south of the popular Candlestone Golf Course. The rent is set at only $3.02/per SF per year, which is well below the market rent rate. The price per SF is only $40.25, an excellent value for an investor seeking long-term passive income with attractive income tax savings from depreciation. Belding is a charming riverfront community about 25 miles northeast of Grand Rapids. Easy Leasebacks specializes in sale leasebacks and will help make this acquisition very simple for you.