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Rivertown Center - Availability Details

3819-3845 Rivertown Pkwy SW, Grandville, MI 49418

  • For Sale $9,350,000
  • Property Type Retail - Community Center
  • Property Size 60,618 Sqft
  • Lot Size 6.48 Acre
  • Year Built 2000
  • Date Updated May 28, 2021
The Rivertown Center is an extremely well-located retail asset within proximity to a plethora of national retailers. Strategically positioned adjacent to Family Fare, the center greatly benefits from the additional traffic generated by the grocery shadow-anchor. The property also benefits from direct frontage on Rivertown Parkway, directly across the street from Rivertown Crossings. Rivertown Crossings is a two-story enclosed super regional mall featuring over 1,250,000 square feet. Built in 1999, Rivertown Crossings is the largest mall in the Grand Rapids MSA, and is home to Dick’s Sporting Goods, Old Navy, Kohl’s, Macy’s, Celebration Cinema, and JC Penney, among many others. The Celebration Cinema consistently ranks among the Top 3 Celebration Locations in Michigan. Rivertown currently operates at 97% occupancy and receives approx. 12 million visits each year.The Mall has a strong sales history with current sales at approx. $400 per square foot. As of the most recent census, the population within five miles of the property exceeded 124,000 and the Grand Rapids Metropolitan Area population exceeded 1,005,000. The city and surrounding communities are economically diverse, and contribute heavily to the health care, information technology, automotive, aviation, and consumer goods manufacturing industries, among others.
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Location

  • City Grandville, MI
  • Neighborhood Grandville
  • Zip Code 49418
  • Market Grand Rapids

Contacts

broker

Logan McAnallen, CCIM

Legacy Commercial Group

(810) 206-3504

Highlights

  • Stabilized Asset | Lease Rates In-Line with Market | 100% Occupancy
  • Anchored by Planet Fitness - Over 1,800 Locations | Grocery Shadow Anchor - Family Fare Supermarket
  • Attractive Assumable CMBS Financing | Financing Terms Available in Full Offering Memorandum
  • Strategic Positioning on Main Retail Corridor (37,000+ VPD) | Directly Across the Street from Rivertown Crossings - Two-Story
  • Enclosed Super Regional Shopping Mall featuring over 130 Stores and over 1,250,000 Square Feet of Retail Space
  • Strong Sub-Market of Grand Rapids | Population within 5 miles Exceeds 124,000 and Average Household Incomes within 1 Mile Exceed $67,000 | High Concentration of National Retailers

Frequently Asked Questions

What year was Rivertown Center built and finished?

Rivertown Center was completed in 2000.

Attachments

Contact Listing Broker

broker

Logan McAnallen, CCIM

Legacy Commercial Group

(810) 206-3504

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