United States Real Estate Investor

Which Grand Rapids Hotel Sites Are in Play? Narrowing the field, planners are now focusing on two sites for the proposed Grand Rapids convention hotel: the U.S. Postal Service center at 225 Michigan St. NW and a Downtown Development Authority parking lot south of Van Andel Arena. The Convention/Arena Authority approved a proof-of-concept and initial design study covering a 400- to 600-room hotel with meeting and event space. Progressive Companies is conducting the feasibility work, expected to conclude in about 13 weeks. DeVos Place sits in a walkable downtown area with easy access to more than 50 nearby attractions, shops, and museums. The USPS parcel has appeared in earlier studies and remains under review because of its downtown setting, transit access, and potential community impact. Similar redevelopment efforts elsewhere have underscored the value of community engagement in shaping large downtown projects. Past efforts there were complicated by issues involving federal property...

What Investors Get at 1014 Michigan St NE At 1014 Michigan Street NE in Grand Rapids, the investment package centers on an operating Taco Bell backed by a nationally recognized brand and a low-risk net-leased profile. The property is offered at $2,200,000 and benefits from a Triple Net Lease structure, shifting many property-level obligations to the tenant. The current lease runs through 11/30/2039, leaving about 15 years remaining. Contractual annual increases support income visibility. Operationally, the site serves local demand through drive-thru, delivery, and mobile app ordering. The brand also supports customer retention through exclusive app rewards redeemable only on the app. Extended hours, including late-night service, help sustain consistent weekly revenue from fast-food traffic. Investors also gain exposure to significant brand equity, corporate credit strength, and a concept with established menu recognition. In a market where inventory growth has expanded buyer choice, ...