3730 Jennings Dr - Retail FOR SALE


Kalamazoo, MI 49048
$2,716,667 USD
847-562-8500
3730 Jennings Dr, Kalamazoo, MI for Sale
$2,716,667 USD
Retail - FOR SALE
1/5
null | 6% Cap Rate

3730 Jennings Dr
Kalamazoo, MI 49048


HIGHLIGHTS

  • Positioned within the Kalamazoo-Portage MSA
  • Investment grade rated tenant (S&P: BBB+)
  • New construction – 15-year roof warranty
  • Long-term 10-year lease with 10% rental escalations
  • Menards shadow anchor
  • Nearby national retailers include ALDI, Walmart, Meijer, Tractor Supply Company, McDonald’s, Starbucks, Fifth Third Bank, & several others

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Sherwin-Williams property located in Kalamazoo, Michigan. The property was constructed speci?cally for Sherwin-Williams in 2025 with a 10-year lease commencing in October 2025. The lease features 10% rental escalations throughout the primary term and two 5-year renewal options. The building also comes with a new 15-year roof warranty. Sherwin-Williams is an investment grade tenant with a Standard & Poor’s “BBB+” rating. The 3,500 square-foot building is located along Gull Road, which experiences 25,400 vehicles per day. The property bene?ts from its shadow anchor position to Menards and proximity to several national retailers including ALDI, Walmart, Meijer, Tractor Supply Company, McDonald’s, Starbucks, and Fifth Third Bank. The property is also minutes from Ascension Borgess Hospital (422 beds) which draws a continual flow of traffic to the area. There are 78,000 people living within a five-mile radius of the property. Additionally, the average household income within three miles exceeds $86,000. Sherwin-Williams, founded in 1866, is a global leader in the development, manufacturing, and sale of paints, coatings, and related products. Headquartered in Cleveland, Ohio, the company operates more than 4,800 company-owned stores and facilities across North America, with a presence in over 120 countries. Sherwin-Williams serves a diverse customer base, including professional contractors, industrial manufacturers, and DIY homeowners, offering industry-leading brands such as Sherwin-Williams, Valspar, Minwax, and Krylon. With a strong commitment to innovation and sustainability, the company continues to expand its product offerings and improve performance across residential, commercial, and industrial applications.

FOR SALE DETAILS

PRICE

$2,716,667 USD

PRICE/SF

$1,169 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

O-1

APN/PARCEL ID

07-06-330-010

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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