5110 S Westnedge Ave
Portage, MI 49002
Build-To-Suit/Ground Lease Opportunity · Land For Lease

5110 S Westnedge Avenue is an approximately 3.22-acre build-to-suit/ground lease opportunity in the heart of the Portage retail corridor, just north of Interstate 94. This is prime real estate for a full service restaurant, drive-thru eatery/café, bank with drive-thru access, medical office, urgent care, or other retail/medical options. The unparalleled management from The Hinman Company ensures premium service aimed at exceeding expectations. Skilled local property management works diligently to ensure the success of users by providing a professional, well-maintained property to compliment the unique needs of their businesses. Additionally, The Hinman Company has its own team of in-house construction and design professionals standing by to help create thoughtfully designed developments. Strategically located along S Westnedge Avenue, the site offers unmatched brand exposure with visibility to over 37,783 daily drivers on S Westnedge Avenue. The site also benefits from the area’s dense retail including Lowes, Earth Fare, HomeGoods, and Meijer across the street. Synonymous with destination shopping, The Crossroads is an eight-minute drive. Customers will appreciate the easy ingress and egress through multiple possible entrances in addition to the ability for ample parking. Users will benefit from the location’s built-in consumer base that features a mix of demographics. This great location features strong economic demographics that offers all the elements that make for a successful business. In addition to the daytime commuter traffic, a population of over 150,770 people lives within a five-mile radius of the property, with the average household income exceeding $70,091. Having built itself up as an economic powerhouse thanks to the production of pharmaceuticals by Pfizer, including the COVID-19 vaccine, and the development of medical technologies by locally based Stryker Corporation, Portage has become one of the most affluent and desirable suburbs in West Michigan. Portage residents enjoy a mostly quiet suburban atmosphere, filled with large homes and attractive apartment complexes. Located about 10 minutes south of Downtown Kalamazoo, the Portage area has been rapidly growing with a projected population growth of 3.0% over the next five years. Together these residents make up a total annual consumer spending of over $3.1 billion, almost $350 million of which was on food and drinking establishments last year. This prominent position and access, along with a high quality of living and friendly business environment, serve to boost the economic growth of Portage and make it an excellent area to locate a company. SPECIAL NOTES: 1/2 Commission Paid 30 Days After Lease Execution, 1/2 Upon Rent Commencement. Full Commission Rate Paid Years 1-5, 50% Years 6-10, None After 10 Years. Renewal Commissions Paid At 50% Of Full Commission Only Paid To Tenant`s Broker If They Continue To Act As Tenant`s Exclusive Broker Of Record. Subject To Landlord Approval Of Tenant`s Use & Credit.