Northmarq’s Isaiah Harf, managing director, arranged the sale of a built-to-suit property leased to Popeyes at 320 N. Beacon Blvd. in Grand Haven, Michigan.
Harf represented the seller and owner based in Illinois. A New York-based private investor acquired the asset for about $3.1 million.
The property features Popeyes’ newest prototype design and high-quality construction standards. Located in a dense retail corridor, the building has outstanding access and visibility from Highway 104 and 31 and Muskegon, Grand Rapids, and other surrounding areas.
Neighboring tenants include The Home Depot, Walgreens, Dollar Tree, Starbucks, and more. The tenant operates on a long-term absolute net lease.
