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5995 Kalamazoo Ave SE 17,787 SF 100% Leased Retail Building Kentwood, MI 49508 $5,399,848 CAD ($303.58 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
$5,399,848 CAD
Price Per SF
$303.58 CAD
Cap Rate
6.31%
NOI
$340,816 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 | $1,443,780 CAD |
Property Taxes
Parcel Number
41-18-32-476-042
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,443,780 CAD
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5995 Kalamazoo Ave SE
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