5160 W Main St - Storefront Retail/Office FOR SALE


Kalamazoo, MI 49009
$2,039,416 USD
202-536-3754
5160 W Main St, Kalamazoo, MI for Sale
$2,039,416 USD
Storefront Retail/Office - FOR SALE
1/2
null | 6.85% Cap Rate

5160 W Main St
Kalamazoo, MI 49009


HIGHLIGHTS

  • • Corporate Lease with ~11% Increases Every 5 Years
  • • High Traffic Interchange Location with 30,156 VPD
  • • Out-parcel to State’s 2nd Best Community Shopping Center by Customer Visits; Target-Anchored

OVERVIEW

7+ Years Remaining on Corporate Lease - The Tenant, Aspen Dental Management, Inc., has over 7 years remaining on corporate lease that features approximately 11 percent rental increases every five years during the base term and three, five-year option periods providing an excellent hedge against inflation. The next increase is set to occur in March of 2028. The Tenant operates in a 3,962-square-foot retrofit of a former restaurant. Aspen Dental is the fastest-growing network of independently owned dental practices with more than 1,000 locations nationwide. Rapidly Expanding Healthcare Organization - Owned by private equity firms Leonard Green, Ares Capital and American Securities, Aspen Dental is one of the largest retail healthcare business support organizations in the United States. It supports 15,000 healthcare professionals and team members at more than 1,000 health and wellness offices across 46 states. What started in 1998 with a small footprint in the northeast, has grown into the largest branded network of dental offices in the world, collectively serving more than 30,000 patients every day. This site is one of two locations the tenant has in Kalamazoo.

FOR SALE DETAILS

PRICE

$2,039,416 USD

PRICE/SF

$515 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

CROSS STREETS

Main St and Maple Hill Dr

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

C

APN/PARCEL ID

05-13-280-010

ASK ABOUT THIS PROPERTY

Dean ZangMarcus & MillichapMore Info
202-536-3754

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Dean ZangMarcus & MillichapMore Info
202-536-3754

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