5370 W Main St - Storefront FOR SALE


Kalamazoo, MI 49009
$1,162,000 USD
949-350-5431
5370 W Main St, Kalamazoo, MI for Sale
$1,162,000 USD
Storefront - FOR SALE
1/6
null | 5.5% Cap Rate

5370 W Main St
Kalamazoo, MI 49009


HIGHLIGHTS

  • NNN Corporate-Guaranteed Starbucks (NASDAQ: SBUX) Offers Limited Landlord Responsibilities in a Passive, Investor-Friendly Structure
  • Drive-Thru Outparcel Sits Just off US-131 Interchange Which Sees ±55,000 Cars Per Day
  • Located in Maple Hill Pavilion Alongside Target, Hobby Lobby, and Marshalls, Delivering Daily Traffic

OVERVIEW

-NNN Corporate-Guaranteed Starbucks (NASDAQ: SBUX) Offers Limited Landlord Responsibilities in a Passive, Investor-Friendly Structure -Drive-Thru Outparcel Sits Just off US-131 Interchange Which Sees ±55,000 Cars Per Day -Located in Maple Hill Pavilion Alongside Target, Hobby Lobby, and Marshalls, Delivering Daily Traffic in One of the City’s Most Established Retail Corridors ---Corporate-Guaranteed NNN Lease--- -Corporate Guaranty: Investment-Grade Credit Backed by ±$38.5 Billion in Annual Revenue and a ±$119 Billion Market Capitalization -±9 Years of Lease Term Remaining, plus Four, Five-Year Options Offering Potential Occupancy through 2055 -10% Rental Increases Every Five Years Provide a Built-In Hedge against Inflation -Over Two Decades of Continuous Operating History at This Specific Location Demonstrating Proven Site Performance ---Prime Retail Location in Kalamazoo's Main Street Corridor--- -Surrounded by a Dense Mix of National Retailers Including Chick-Fil-A, Chipotle, Five Guys, Kohl's, Lowe's, and Aldi, Reinforcing the Corridor's Draw as a Regional Shopping Destination -Less than 3.5 Miles from Downtown Kalamazoo and ±3 Miles from Western Michigan University (17,000+ Students), Sustaining Year-Round Consumer Traffic -Trade Area Supports ±107,709 Residents and ±$89,687 Average Household Income within 5 Miles Broker of Record: Paul Kerber | License: MI 6502433613

FOR SALE DETAILS

PRICE

$1,162,000 USD

PRICE/SF

$615 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Drive-Thru @ Maple Hill Pavilion

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Main Street and Maple Hill Dr

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

C COMM

APN/PARCEL ID

05-13-255-060

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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