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2600 W Michigan Ave
Kalamazoo, MI 49006
CVS · Retail Property For Sale
Investment Highlights
- Approximately 17 years left on an ABSOLUTE NET GROUND LEASE with CVS
- 10% rental increases at the beginning of each five year option
- Three points of ingress/egress into overall shopping center
- Primary Term thru January 31, 2042 with ten (10) five (5) year options to extend - No increases in the rent during primary term
- Investment Grade Tenant - Moody's rating: Baa2
- Single lane "drive thru" access
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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