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Investment Highlights

  • NNN Corporate-Guaranteed Starbucks (NASDAQ: SBUX) Offers Limited Landlord Responsibilities in a Passive, Investor-Friendly Structure
  • Located in Maple Hill Pavilion Alongside Target, Hobby Lobby, and Marshalls, Delivering Daily Traffic
  • Drive-Thru Outparcel Sits Just off US-131 Interchange Which Sees ±55,000 Cars Per Day

Executive Summary

-NNN Corporate-Guaranteed Starbucks (NASDAQ: SBUX) Offers Limited Landlord Responsibilities in a Passive, Investor-Friendly Structure
-Drive-Thru Outparcel Sits Just off US-131 Interchange Which Sees ±55,000 Cars Per Day
-Located in Maple Hill Pavilion Alongside Target, Hobby Lobby, and Marshalls, Delivering Daily Traffic in One of the City’s Most Established Retail Corridors
---Corporate-Guaranteed NNN Lease---
-Corporate Guaranty: Investment-Grade Credit Backed by ±$38.5 Billion in Annual Revenue and a ±$119 Billion Market Capitalization
-±9 Years of Lease Term Remaining, plus Four, Five-Year Options Offering Potential Occupancy through 2055
-10% Rental Increases Every Five Years Provide a Built-In Hedge against Inflation
-Over Two Decades of Continuous Operating History at This Specific Location Demonstrating Proven Site Performance
---Prime Retail Location in Kalamazoo's Main Street Corridor---
-Surrounded by a Dense Mix of National Retailers Including Chick-Fil-A, Chipotle, Five Guys, Kohl's, Lowe's, and Aldi, Reinforcing the Corridor's Draw as a Regional Shopping Destination
-Less than 3.5 Miles from Downtown Kalamazoo and ±3 Miles from Western Michigan University (17,000+ Students), Sustaining Year-Round Consumer Traffic
-Trade Area Supports ±107,709 Residents and ±$89,687 Average Household Income within 5 Miles

Broker of Record: Paul Kerber | License: MI 6502433613

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
1,890 SF
Building Class
C
Year Built
2005
Price
$1,162,000
Price Per SF
$614.81
Cap Rate
5.50%
NOI
$63,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.59 AC
Zoning
C COMM
Frontage
159’ on Main St
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Nearby Major Retailers

Noodles & Company
Steak ‘n Shake
Applebee's
Five Guys
Harding's Friendly Markets
7 Brew Coffee
BIGGBY Coffee
Old National Bank
Fifth Third Bank
Huntington National Bank

Property Taxes

Property Taxes

Parcel Number
05-13-255-060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$337,500
  • Listing ID: 41409038

  • Date on Market: 7/23/2026

  • Last Updated:

  • Address: 5370 W Main St, Kalamazoo, MI 49009

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