3290 Patterson Ave SE

Overview

Fortis Net Lease proudly presents the opportunity to acquire a mission-critical engineering and manufacturing facility located at 3290 Patterson Ave SE in Grand Rapids, Michigan. The property is 100% leased to GE Aviation Systems LLC, a division of GE Aerospace (NYSE: GE, formerly GE Aviation), under a long-term net lease with annual rent escalations and limited landlord responsibilities. The approximately 369,000-square-foot facility is situated on ±42.17 acres, less than ten minutes from Gerald R. Ford International Airport, in one of West Michigan’s most dynamic employment corridors. The building houses advanced engineering, testing, and manufacturing functions supporting GE Aerospace’s Navigation & Guidance, Data Management, and Computing & Networking product areas. With a lease extending through December 31, 2035, 2% annual rent increases, and a negotiated program of landlord-funded roof replacement and tenant improvements, the asset offers investors durable, growing income backed by an investment-grade global aerospace leader