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