5370 W Main St
Kalamazoo, MI 49009
Starbucks: Kalamazoo, MI · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 1,890-square-foot freestanding Starbucks situated on 0.59 acres in Kalamazoo, Michigan (MSA Population: 338,032). Kalamazoo is located equidistant from both Chicago and Detroit. Evidencing its commitment to the site, Starbucks recently extended its net lease by 10 years, expanded the building, and struck the typical termination clause from the lease. Starbucks’ attractive net lease features ±7.75 years of primary term remaining, minimal landlord responsibilities, and two 5-year renewal options. The site is strategically located with excellent access and visibility along W Main Street (Traffic Count: 35,000 VPD) and just feet away from the on-ramp to US-131 (Traffic Count: 49,385 VPD), which provides direct access to Grand Rapids. Starbucks is situated as an outparcel to the 283,666-square-foot Maple Hill Pavilion shopping center, which is anchored by Target, Hobby Lobby, Value City Furniture, DSW, Marshalls, PetSmart, Pier 1 Imports, ULTA and Office Depot, and occupied by GameStop, Walgreens, Applebee’s, McDonald’s, Finley’s Grill & Smokehouse and Comerica Bank, among others. The property benefits from its location within the area’s primary retail and commercial corridor with 3.6 MSF of retail, 1.0 MSF of office, and 10,942 multifamily units within a 3-mile radius. Other retailers with a presence in the immediate vicinity include Lowe’s, Kohl’s, Harding’s Marketplace, ALDI, MC Sports, Dunham’s Sports, Goodrich Quality Theaters, Audi, Volvo, Subaru, Hyundai, Firestone, Super 8, H&R Block, Mattress Firm, Long John Silver’s, Wendy’s, Burger King, Steak ‘n Shake, Chipotle, Panera Bread, Taco Bell, Tim Horton’s, Tropical Smoothie Cafe, Subway, Qdoba, Blaze Pizza, and Family Dollar. Starbucks further benefits from its proximity to Western Michigan University (Enrollment: 23,252), one of the area’s primary economic drivers which provides a substantial built-in customer base. The property boasts dynamic demographics with a 3-mile population of 56,540 and an average household income of $53,285.