3630 Gull Rd - Freestanding FOR SALE


Kalamazoo, MI 49048- Burke Acres
$2,959,594 USD
781-776-4006
3630 Gull Rd, Kalamazoo, MI for Sale
$2,959,594 USD
Freestanding - FOR SALE
1/6
null | 9.5% Cap Rate

3630 Gull Rd
Kalamazoo, MI 49048
Burke Acres


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Strategic Retail Location
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the opportunity to purchase a single tenant Skymint investment property located at 3630 Gull Road in Kalamazoo, Michigan (the “Property”). Skymint has been at this location since 2021 and has 12 years remaining on an absolute triple-net lease with two (2), 5-year renewal options. The lease calls for attractive 3.0% annual rent increases throughout the initial term and renewal options. The Property is well located at the signalized intersection of Nazareth Road and Gull Road (MI Route 343), the area’s primary commercial and commuter corridor. The Property is positioned within a densely populated residential neighborhood in northwest Kalamazoo that provides a built-in customer base. Additionally, Skymint is surrounded by national and local retailers and is just 1.5 miles from the Ascension Borgess Hospital and 3-miles from Downtown Kalamazoo. Kalamazoo is home to three higher learning centers, Western Michigan University, Kalamazoo College, and Kalamazoo Valley Community College, the three schools have a combined student enrollment of more than 25,500.

FOR SALE DETAILS

PRICE

$2,959,594 USD

PRICE/SF

$1,008 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Skymint

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

CC

APN/PARCEL ID

06-12-214-001

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.