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2600 W Michigan Ave
Kalamazoo, MI 49006
CVS Pharmacy · Retail Property For Sale
Investment Highlights
- NNN GROUND LEASE | 19.5 YEARS REMAINING | NO LANDLORD RESPONSIBILITIES | LOW-RISK INVESTMENT
- FORTUNE 500 COMPANY | 7,900 LOCATIONS | $73.79B REVENUE | FEE SIMPLE ASSET | OFFERED FREE & CLEAR
- CENTER OF WESTERN MICHIGAN UNIVERSITY CAMPUS | WMU HAS 21,000+ STUDENTS | LARGE PUBLIC UNIVERSITY
- (10) 5-YEAR OPTIONS | 10% INCREASES EACH OPTION PERIOD | CVS HEALTH (S&P BBB) CORPORATE GUARANTEE
- BELOW MARKET RENTS AT $16 PER SQUARE FOOT | MAIN AND MAIN LOCATION | ADJACENT TO DOWNTOWN KALAMAZOO
- STRONG AND GROWING DEMOS | 146k PEOPLE IN 5-MILE RADIUS | LIMITED COMPETITION | CLOSEST PHARMACY TO UNIVERSITY
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,700 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.93 AC
Zoning
CN-1
Parking
100 Spaces (7.3 Spaces per 1,000 SF Leased)
Frontage
131’ on Michigan Ave
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 06-20-196-050 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $834,200 |
Property Taxes
Parcel Number
06-20-196-050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$834,200
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