Kohl’s

12288 Felch Street - Holland MI 49424

LTV (Loan to Value)	65.00%	Current NOI	$0.00
Interest Rate	4.250%	Capital Rate	6.000%
Fixed Term	10 Years	Land Area	+/- 9.05 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$5,970,250.00	Property Type	Retail
Payment	$32,343.12	Property Lease	Department Store
Bulding Size	0 SF	Remaining Terms	Approx. 10.5 Yrs.

Location Description

NNN Lenders is pleased to exclusively offer the opportunity to purchase a 100% fee-simple interest in a 76,402 sf free standing Kohl's located in Holland, MI. The property sits on 9.05 acres, and is located along Holland's primary retail corridor as a free-standing anchor to the recently renovated Shops at Westshore.

Highlights

Long Lease Term – Kohl's has 21 years of operational history on site with 10.5 years of primary term remaining.…

Property Description

Holland is a coastal vacation destination city in the southwestern portion of Michigan. It is situated on Lake Macatawa, which is a lake feeding directly into Lake Michigan. The city consists of over 17 square miles. As of the 2010 census, the actual Holland population was 33,051, with an urbanized area population of 95,394. Holland is the largest city in and the county seat of Ottawa County.