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Restaurant

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

5370 W Main St, Kalamazoo, MI 49009

Listing Price: $1,162,000

Cap Rate
5.50%
Tenant Name
Starbucks
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
1,890
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.81

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

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s) MI: 6502433613

    Michigan

Restaurant

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

Listing Price: $1,162,000

Cap Rate
5.50%
Tenant Name
Starbucks
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
1,890
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.81

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

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s): MI: 6502433613

    Michigan

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