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5455 W Main St 2,600 SF Retail Building Kalamazoo, MI 49009 $2,466,360 CAD ($948.60 CAD/SF) 7% Cap Rate
Executive Summary
CBRE is pleased to exclusively market a Wendy’s property located in Kalamazoo, Michigan. This single-tenant retail asset features a long-term, absolute net lease with zero landlord responsibilities, providing stable and passive income. Strategically positioned on highly trafficked Main Street, right off the US 131 Exit. The property enjoys exposure to over 29,500 vehicles per day and is surrounded by a robust mix of national retailers, dining establishments, and residential communities. With approximately 11 years remaining on the initial lease term, this offering provides an investor with a secure, long- term income stream backed by one of the world’s leading quick-service restaurant brands.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,600 SF
Building Class
C
Year Built
2016
Price
$2,466,360 CAD
Price Per SF
$948.60 CAD
Cap Rate
7%
NOI
$172,645 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.83 AC
Zoning
C COMM
Frontage
120’ on Main St
Amenities
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-13-401-020 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $419,712 CAD |
Property Taxes
Parcel Number
05-13-401-020
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$419,712 CAD
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5455 W Main St
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