Restaurant
Starbucks Drive-Thru @ Maple Hill Pavilion (Target-Anchored Power Center)
5370 W Main St, Kalamazoo, MI 49009
Listing Price: $1,162,000
Investment Overview
--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
Investment Highlights
- 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
Exclusively Listed By
Broker of Record
Restaurant
Starbucks Drive-Thru @ Maple Hill Pavilion (Target-Anchored Power Center)
Listing Price: $1,162,000
Investment Highlights
- 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
Investment Overview
--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
Exclusively Listed By
Broker of Record