Single-Tenant Retail

Walgreens | College Town | $515M Event Center

760 W Michigan Ave , Kalamazoo, MI 49007

Listing Price: $4,335,000

Click To Access Offering Memorandum
  • Cap Rate8.65%
  • Building SF14,500 SF
  • Price/SF$299.17
  • Year Built / Renovated2014

Investment Highlights

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
Lead Agent

Ashish Vakhariya

Senior Managing Director Investments

Lic: MI 6501322501

Darin Gross

Senior Director Investments

Lic: MI 6501384871

Seth Haron

Managing Director Investments

Lic: MI 6501373006

Michigan Broker of Record | Paul Kerber | Two Towne Square, Ste 450 Southfield, MI 48076 | (248) 415-2600 | Lic #: 6502433613