5995 Kalamazoo Ave SE 17,787 SF 100% Leased Retail Building Kentwood, MI 49508 $5,472,607 CAD ($307.67 CAD/SF) 6.31% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated on a hard lighted corner intersection of 60th and Kalamazoo Ave.
- Over 250' of frontage with ingress/egress on both 60th and Kalamazoo Ave.
EXECUTIVE SUMMARY
Brand new Dollar Tree Triple Net Lease tenant inside former Rite Aid suite, situated on a hard lighted corner intersection of 60th and Kalamazoo Ave, Over 250' of frontage with ingress/egress on both 60th and Kalamazoo Ave. Property is a half mile from M-6 interchange.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,787 SF
Building Class
C
Year Built
1985
Price
$5,472,607 CAD
Price Per SF
$307.67 CAD
Cap Rate
6.31%
NOI
$345,408 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.23 AC
Zoning
C-2 - Commercial
Parking
99 Spaces (5.57 Spaces per 1,000 SF Leased)
Frontage
142’ on 60th St St
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41-18-32-476-042 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,340,476 CAD |
