For Sale
$4,123,592
2600 Michigan Ave Kalamazoo, MI 49006
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- Investment-grade tenant, CVS, with a Moody's rating of Baa2 and S&P stable rating (March 31, 2024).
- Absolute net ground lease extending to January 31, 2042, with ten five-year renewal options at 10% rental increases each.
- Building renovated by CVS in 2016.
- 39,583 sq ft lot with cross-easement rights to Campus Pointe Mall.
- Parking lot repaved and restriped in 2019, with three points of ingress/egress and single-lane drive-thru.
- High traffic count of approximately 40,000 cars per day at the lighted intersection.
Property Details for 2600 Michigan Ave
- Property type
- Retail properties, Drug stores
- Square Feet
- 13,700 SF
- Class
- B
- Year Built
- 2016
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 40,511 SF
Location Insight
- City
- Kalamazoo
- County
- Kalamazoo
- State
- Michigan
- Latitude
- 42.2820831
- Longitude
- -85.6221678
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 2600 Michigan Ave Kalamazoo, MI.
- What is the asking price?
- The asking price for this property is $4,123,592.
- What are key features of this property?
- This property features: Investment-grade tenant, CVS, with a Moody's rating of Baa2 and S&P stable rating (March 31, 2024).; Absolute net ground lease extending to January 31, 2042, with ten five-year renewal options at 10% rental increases each.; Building renovated by CVS in 2016.
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