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Off Market
1/5

2600 W Michigan Ave
Kalamazoo, MI 49006


HIGHLIGHTS

  • Hard corner location
  • Strong daily traffic counts
  • Three points of ingress/egress into overall shopping center
  • Single lane "drive thru" access

OVERVIEW

CVS located at a fabulous hard corner location across from a main entrance to Western Michigan University. The significant growth projected within a 1 mile radius over the next 5 years in addition to all of the drug store traffic generated by the 22k plus students attending college across the street make this a solid real estate investment. Primary Term thru January 31,2042 with ten (10) five (5) year options to extend; 10% rental increases at the beginning of each five year option; building renovated by CVS for their use in 2016; 39,583 SF lot with cross easement rights to adjacent shopping center - Campus Pointe Mall; parking lot was re-paved and re-striped in 2019; three points of ingress/egress into overall shopping center; single lane "drive thru" access; traffic counts at this intersection are close to 40k cpd. This CVS is immediately located near many new multi-story apartment and student housing complexes as well as many national retailers and businesses such as: Costco, Save-A-Lot, At Home, Trader's Joe's, Office Depot, PetSmart, Dunham's Sports, Lowe's, Kohl's; Applebee's, Verizon and many more.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

13225

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

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LAND SF

-

ZONING

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APN/PARCEL ID

06-20-196-050