Walgreens | College Town | $515M Event Center

Kalamazoo, MI 49007

$4,335,000

Single-Tenant Retail

8.65% CAP

14,500 SF

Key Property Highlights

• Absolute Net Lease With ~8 Years Remaining & No Landlord Responsibilities
• Corporate Guarantee Provides Stable Passive Income
• Less Than 1 Mile From the $515 Million Kalamazoo Event Center Expected to Draw over 700,000 People Annually
• Drive Thru Location With Beer & Wine Sales Supporting Daily Needs Traffic
• Strong Visibility & Access Along West Michigan Avenue & Nearby West Main Street With ~36,104 Combined VPD

Additional Highlights

• Convenient Access Near the I 94 Business Loop Serving Downtown & Regional Traffic
• Proximity to Western Michigan University, Kalamazoo College, & Major Medical Institutions Including Bronson & Beacon
• Western Michigan University Enrollment of ~16,343 Students Driving Sustained Consumer Demand
• Strong Demographics With 144,151 Residents & $82,766 Average Household Income

Applebee’s – Kalamazoo, MI | Sale-Leaseback | High-Performing Location w/ Low Rent-to-Sales Ratio | Remodel Planned for 2026

Kalamazoo, MI 49009

Single-Tenant Retail

6.50% CAP

5,621 SF

Key Property Highlights

• High Performing Location Ranking Top 9% Statewide & Top 11% Nationwide per Placer.ai Data
• 2026 Planned Applebee’s Greenhouse Remodel: Updated Branding, Enhanced Façade & Entry, Modernized Interiors, Upgraded Seating & Bar Areas, To Go Concept, & Site & Parking Lot Improvements
• Low Rent‑to‑Sales Ratio: 5.89% Supporting Long‑Term Store Performance
• 10-Year Absolute Net Sale-Leaseback
  10% Rent Increases Every Five Years & in Options
• Tenant: TSFR Apple Venture which is owned by TEAM Schostak Family Restaurants | Award‑Winning Operator Recognized as a USA Today Top Workplace for the Fifth Consecutive Year
• Prime Outlot In Target Anchored Center Situated On A 1.16 Acre Lot
• Excellent Visibility Along West Main Street (28,259 VPD)
• Easy Access to Highway: US‑131 (55,082 VPD)
• Retail Trade Corridor: Walmart Supercenter, Meijer, Menards, Lowe’s, Kohl’s, and Aldi, & Many Others
• Home to Western Michigan University’s approximately 16,343 students & Bronson Methodist Hospital and Beacon Kalamazoo Hospital.
• Strong Demographics: 109,321 Residents within a 5-Mile Radius & $89,377 Average Household Income

Applebee’s – Adrian, MI | Sale-Leaseback | High-Performing Location w/ Low Rent-to-Sale Ratio | Remodel Planned for 2026

Adrian, MI 49221

Single-Tenant Retail

6.50% CAP

6,133 SF

Key Property Highlights

• High‑Performing Location Ranking Top 2% Statewide & Top 4% Nationwide per Placer.ai Data
• 2026 Planned Applebee’s Greenhouse Remodel: Updated Branding, Enhanced Façade & Entry, Modernized Interiors, Upgraded Seating & Bar Areas, To Go Concept, & Site & Parking Lot Improvements
• 10-Year Absolute Net Sale-Leaseback
• 10% Rent Increases Every Five Years & in Options
  • Low Rent‑to‑Sales Ratio: 4.80% Supporting Long-Term Store Performance
• Tenant: TSFR Apple Venture which is owned by TEAM Schostak Family Restaurants | Award‑Winning Operator Recognized as a USA Today Top Workplace for the Fifth Consecutive Year
• Prime outlot positioned on a 0.79 acre parcel at the Adrian Crossroads Plaza, a 122,669 square foot retail center with national tenants including Harbor Freight Tools, Ross, Family Farm & Home, Michaels, Planet Fitness and Aaron’s.
• Excellent Visibility Along West Main Street & US 223 With a Combined Traffic Count of 35,220 VPD
• Retail Trade Corridor: Walmart Supercenter, Meijer, Lowe’s, ALDI, Dunham’s Sports, Hobby Lobby, Harbor Freight, & Tractor Supply Co
• Located within the City of Adrian, the county seat of Lenawee County
• Primary retail corridor serving the broader regional trade area

Applebee’s Sale-Leaseback Portfolio | High-Performing Locations w/ Low Rent-to-Sales | Remodel Planned for 2026

Adrian, MI & Kalamazoo, MI

Multi-Tenant Retail

6.50% CAP

11,754 SF

Key Property Highlights

• High performing locations statewide and nationwide per Placer.ai data

9.0% Cap | NNN Ground Lease | NCG Cinema IMAX | MI

Grand Blanc, MI 48439

$6,657,777

Single-Tenant Retail

9.00% CAP

59,049 SF

Key Property Highlights

• Long-Term Triple-Net Ground Lease. *The NCG Ground Lease is for the Parking Lot Required for their Building | NCG Owns the Building Pad (Building Pad is NOT Included in the Sale)
• 11 Years Remaining | Original 30-Year Lease
• 10% Rent Increases Every 5 Years
• NCG Cinema is an Independent, Family-Owned Business with 26 Locations Across 9 States | Nearest NCG: 24 Miles
• Ranks in the Top 10% of All NCG Cinemas Nationwide Top 13% of All NCG Locations in Michigan
• NCG Grand Blanc is the Only IMAX in the Flint/Genesee Area
• 11 Total IMAX Locations in Michigan | Nearest IMAX: 25 Miles

Additional Highlights

• Theater Amenities: 284-Seat IMAX Auditorium with 4.5 Story Screen & 12,000 Watts of Digital Sound
• 14 Additional Screens | 1,886 Seats Combined
• Strong Retail Market: 3.3 Million SF of Retail within a 5-Mile Radius | 97.3% Occupancy Rate
• Notable Nearby Retailers: Kroger, Walmart, Sam’s Club, Kohl’s, PetSmart, Aldi, & Others
• 2 Miles from Ascension Genesys Hospital
• (412 Beds | 24/7 ER | Level II Adult Trauma Center)
• Immediate Access to I-75 (65,272 VPD)
• Demographics:
• 67,900 Residents $94,800 Average Household Income within a 5-Mile Radius

Strong Demographics & Long Term Tenancy | Signalized Hard Corner Location with 38,900+ VPD

Madison Heights, MI

$5,500,000

Multi-Tenant Retail

7.80% CAP

38,000

Key Property Highlights

• Fully Occupied 38,000 SF Neighborhood Retail Center
• Signalized Hard‑Corner Location | 38,900+ VPD
• Positioned Within a Dense 5‑Mile Trade Area Featuring ~27.7 Million SF of Retail Inventory
• Anchored by Family Dollar | 29% of GLA | 16+ Years of Tenure
• Shadow‑Anchored by Hollywood Market, Supporting Strong Neighborhood Traffic
• Located Within an Established Employment Corridor | 1,300+ Nearby Businesses
• Immediate Access to I‑75 & I‑696 for Regional Connectivity
• Strong Trade Area Demographics | 333,000+ Residents Within 5 Miles
• Five‑Mile Daytime Population Exceeding 415,000

Additional Highlights

• Surrounded by Major National Retailers Including Kroger, BJ’s Wholesale, Meijer, Home Depot, Lowe’s, Target, Best Buy, Walmart, Kohl’s, and More
• Adjacent to Royal Oak Retail Market, One of Metro Detroit’s Most Dynamic Corridors
• Infill Location With Limited New Supply, Supporting Long‑Term Stability
• Located in a Highly Populated Area With Strong Demographics and Consistent Consumer Demand
• Prime Inner‑Ring Suburban Location Offering Durable Retail Demand & Long‑Term Tenant Performance
• Less Than 1 Mile From I‑75, Providing Excellent Accessibility

2‑Tenant Drive‑Thru on 80,000 VPD Corridor – Muskegon, MI

Muskegon, MI

$1,291,587

Multi-Tenant Retail

8.25% CAP

4,772

Key Property Highlights

• 2-Tenant NNN Retail Property with Drive-Thru
• Long-Term Tenancy – 100% Occupied
• Prime Retail Corridor – Located on E Apple Avenue (28,554 VPD) with immediate access to U.S. 31 and exposure to ~80,000 vehicles per day
• Convenient Proximity to Downtown Muskegon – Located approximately 4 miles east of Downtown, providing a direct connection via E Apple Avenue (M-46) to Muskegon’s downtown

Additional Highlights

• Surrounded by National Retailers – Including Walmart Supercenter, ALDI, Family Dollar, CVS, and Walgreens
• Near Major Employers – Close to Renk America, GE Aviation, Mercy Health / Trinity Health Muskegon Hospital, and Baker College
• Established Trade Area – Five-mile radius includes 94,000+ residents supported by healthcare, education, and manufacturing
• High-Visibility Corridor – Connects Muskegon, Grand Rapids, and Holland, central to West Michigan’s growth region
• Located Within Muskegon’s $74 Million Capital Improvement & Reinvestment Program (2024–2029) – Demonstrating ongoing municipal investment in infrastructure, housing, and economic growth

Built-to-Suit Advance Auto Part | Rare NNN Lease with 8 Years Remaining

Lincoln Park, MI

$1,780,000

Single-Tenant Retail

7.50% CAP

6,157 SF

• NNN lease with landlord responsibilities limited to the foundation
• Eight years remaining with seven percent increases in option period
• High-traffic location with 36,348 vehicles per day along Fort Street (M-85) and a combined 75,378 vehicles per day at the nearby Fort Street and Southfield Road intersection.
• Densely populated market – 130,244 residents within 3 miles
• Within proximity to national anchors including Kroger, Meijer, Walmart, and Aldi
• Centrally positioned in the Downriver Detroit market, the “Crossroads of Downriver,” connecting Southgate, Allen Park, Wyandotte, and Taylor
• Proximity to major regional drivers including the Gordie Howe International Bridge, downtown Detroit, and Detroit Metropolitan Wayne County Airport
• Regional redevelopment underway, including the transformation of the former Sears in Allen Park into a major mixed-use destination

Starbucks | 2025 New Construction | New 10-Year Lease

Manistee, MI

$2,137,111

Single-Tenant Retail

6.75% CAP

2,445 SF

• New 10-Year Corporate Double-Net Lease (in process) with (4) 5-Year Options | Starbucks S&P: BBB+
• Drive-Thru + Patio Prototype | 14-Car Stacking and 29 Surface Spaces
• Highway Visibility on US-31 / M-55 | 14,000+ Vehicles Per Day
• 1.56-Acre C-1 Commercial Parcel
• 1.5 Miles to 45-Bed Munson Healthcare Manistee Hospital | Major Regional Employer
• Tourism & Recreation Hub | Lake Michigan Beaches, Little River Casino Resort, State Parks
• Strategic Northern Michigan Location | Serves Local Residents, Seasonal Travelers, and US-31 Corridor Traffic