West Main Marketplace, a 78.1 percent occupied, 20,206-square foot retail center located in Kalamazoo, Michigan. West Main Marketplace provides an investor the opportunity to acquire a great asset with value-add potential, in a core retail market, ensuring the investor a high rate of return.
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Price Upon Req.Size Upon Req.
Available for ground lease as well. Available for ground lease as well.
Marcus & Millichap is pleased to exclusively present this brand new under construction 2016 fee simple CVS Pharmacy, offering located in Kalamazoo, MI. CVS occupies the 13,225 square foot building on a 25 year ground lease in excess of 10 (5 year) subsequent option periods with increases, commencing in third quarter 2016. The unique high imagine proto type features the latest CVS specifications with drive through, offering ingress/egress to both West Michigan Avenue and Howard Street. The large 2.48 acre parcel is situated on the hard corner signalized intersection of West Michigan Avenue and Howard Street. The new subject site is within immediate vicinity to Western Michigan University. Western Michigan University is a national research university enrolling nearly 24,000 students from across the United States and 100 other countries. Founded in 1903, it is a learner centered, discovery driven and globally engaged public university that stands out among America' s more than 4,600 higher education institutions. This unique new construction fee simple offering allows the incoming investor to close on rent commencement providing a full 25 year corporate backed lease.
Burger King Worldwide is a Delaware corporation that franchises and operates fast food hamburger restaurants, principally under the Burger King® brand (also referred to as the Brand ).Since the company' s founding as a single restaurant in Miami, Florida in 1954, they have grown to become the world´s second largest fast food hamburger restaurant, or FFHR, chain as measured by the total number of restaurants. As of December 31, 2013, the Burger King system consisted of 13,667 restaurants in over 97 countries and U.S. territories worldwide. Bennett Management Corp. (BMC) has been a Burger King franchisee since 1966 and currently owns and operates 25 restaurants in Ohio, Michigan and Indiana. The company has been an innovator within the industry, achieving many successes and milestones in their 50 year relationship with Burger King Corporation. BMC has a long history of running successful Burger King Restaurants with an experienced and dedicated Team who understands what it takes to run profitable restaurants.
Four unit office building with ample parking for clientele. Two units on each level share a common access. the units are approximately 1,100 sqft each and offer 4-5 offices per unit with reception room and administrative space. Each unit has separate utilities, all conveniently located in basement area. Currently half the units are occupied by long term tenants, on gross leases.
Price Upon Req.13,000 SF
Multiple Building Sale! Investment property! Likely uses include redevelopment for mixed-use, or complete teardown/redevelopment. Major exposure on Portage Street, adjacent to major downtown Kalamazoo developments that include the recently established Homer-Stryker School of Medicine, Kalamazoo Valley Community College, and Bronson Methodist Hospital, with additional private residential and light commercial/retail planed directly neighboring the majority of the subject property. Located directly on the Portage Street corridor, serves as a major rout to/from high density residential neighborhoods and workplaces. Sale to include two separate parent addresses, each with there own respective parcel numbers- 601 Portage Street, 617 Portage Street. This package includes five separate parcel numbers with over 13,000 sqft. -- Cash only.
Located at first busy intersection in Parchment. Great site for many users including: banks, fast-food, restaurant, etc. *Prime buildable outparcel located in Parchment Shoppers Center, adjacent to the United States Post Office.*Hard corner with 196' of frontage on Riverview Dr.*Ideal location for restaurant, bank, office or retail.*Easily accessible with quick access to thoroughfares.*Property runs along the Kalamazoo River.*Area of redevelopment including surrounding Parchment Paper Factories.*Property Taxes: Summer 2013/$2,491.75 - Winter 2013/$145.52*Sale terms: Cash to seller
Income Property Organization is pleased to present the Kalamazoo Student Portfolio, which is comprised of 7 properties with a total of 54 beds located within ½-mile of each other. The Kalamazoo Student Portfolio offers a competitive unit mix of rental apartments, including (1) one-bedroom, (2) two-bedroom, (7) three-bedroom, (1) four-bedroom, (1) five-bedroom, (2) six-bedroom, and (1) seven-bedroom. The total square feet of the seven properties is 20,977. The Kalamazoo Student Portfolio is performing exceptionally well, which is evidenced by its 95% occupancy. The units stay full due to their strategic locations adjacent to the surrounding colleges and universities. At the asking price of $925,000, this offering represents an impressive 9.72% cap rate and potential 17.93% pre-tax ROI based upon current income trends and 2015 expenses.
New NNN Lease & Renewal Options- New ten (10) year lease with 3- 5 year renewal option Rent Increases of $0.50/SF in each option period NNN Lease with Tenant responsible for taxes, insurance and performing their own CAM, including landscaping, snow removal and parking lot repairs. Landlord responsible for Roof, Structure and Foundation. Within 1 Mile of Western Michigan University and Kalamazoo College on signalized corner on heavily trafficked Main St. with 25,056 ADT. " Strong Corporately Guaranty- Dollar Tree, a Fortune 500 company operates 5,282 stores nationwide. Dollar Tree will soon operate more than 13,000 stores with acquisition of Family Dollar with annual sales exceeding $18 billion.
AVAILABLE FOR SALE - Approx. 5,000 SF, two-story multi-tenanted building on .46-acre lot. Conveniently located on Whites Road next to Walgreens, this building offers great visibility from S. Westnedge Avenue for both office and retail users. Features include upper/lower entrances, ample multi-level parking, multiple ingress/egress options, ensuite restrooms and building/monument signage. Currently offering four separate suites with flexible lease terms, this property is an ideal owner/occupant opportunity!