Starbucks Drive-Thru @ Maple Hill Pavilion (Target-Anchored)

5370 W. Main Street Kalamazoo, MI 49009

Property Description

Price: $1,162,000
Price Per/SF: $614.81
Land Area: ±0.59 AC
Cap Rate: 5.50%
Gross Leasable Area: ±1,890 SF
Year Built: 2005

Investment Highlights

  • NNN Corporate-Guaranteed Starbucks (NASDAQ: SBUX) Offers LimitedLandlord Responsibilities in a Passive, Investor-Friendly Structure
  • Located in Maple Hill Pavilion Alongside Target, Hobby Lobby, and Marshalls, Delivering Daily Traffic in One of the City’s Most Established Retail Corridors
  • Drive-Thru Outparcel Sits Just off US-131 Interchange Which Sees ±55,000 Cars Per Day

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

Contact Information

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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