3055 Henry St Retail
  • Asking Price
    $1.1MAsking Price
  • Gross Leasable Area
    1,796 SFGross Leasable Area
  • Built
    1976Built
  • Acres
    ~1.30 acAcres
  • City
    MuskegonCity
  • State
    MIState

Description

Long John Silver’s at 3055 South Henry Street is a 1,796 SF single-tenant restaurant investment offered for $1,128,000 in Muskegon. The freestanding building was constructed in 1976 and occupies approximately 1.30 acres with 47 parking spaces. The tenant operates under an absolute NNN lease backed by a corporate guaranty, with the current term scheduled through May 2033 and two five-year renewal options.

The property is positioned along South Henry Street near West Norton Avenue, where the surrounding commercial corridor provides established traffic and consumer activity. Under the absolute NNN structure, the tenant is responsible for major property expenses and maintenance obligations, subject to the lease. The asking price equates to approximately $628.06/SF; buyers should verify rent, escalation schedule, guaranty, and option terms in the offering materials.

Offering Summary

  • Asking Price
    $1,128,000
  • Price PSF
    $628.06
  • Property Type
    Retail
  • Size
    1,796 SF
  • Occupancy
    100%
  • Properties
    1
  • Built
    1976
  • Parking
    47 Surface
  • Total Acres
    ~1.30 ac

Documents

Property Address

3055 Henry St
Muskegon, MI 49441

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    1,796 SF
  • Occupancy
    100%
  • Year Built
    1976
  • Total Parking
    47
  • Acres
    1.30
  • Zoning
    C-E Commercial

Deal Team

Sal Yaldo profile image

Sal Yaldo

Managing Partner
Apex Commercial Real Estate Advisors
MI RE Lic. 6501438965