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1634 Gull Rd Unité de condo • Médical • 8 000 pi² • À vendre 1 834 066 $ CAD • Kalamazoo, MI 49048
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Faits saillants de l'investissement
- Early Lease Extension and Expansion – WellNow extended the lease through April 2030 and expanded from 4,077 SF to approximately 8,000 SF in 2025
- Corporate Guaranty – Supported by WellNow’s operating platform of more than 150 locations across five states and The Aspen Group backing
- High Traffic Visibility – Frontage along Gull Road with approximately 25,893 vehicles per day
- 2% Annual Rent Increases – Contractual annual increases continue throughout the current term and extension options
- Strategic Medical Corridor Location – Directly across from Beacon Kalamazoo Hospital, a 422 bed regional medical center
- Double Net (NN) Lease Structure – Tenant is responsible for all obligations other than the landlord’s 50% share of roof, structure, and HVAC costs
Résumé de l'annonce
Strategically positioned along Gull Road—one of Kalamazoo’s primary commercial and healthcare corridors—the property benefits from excellent visibility and exposure to more than 25,800 vehicles per day.
1 Unité disponible
- Unité
- Taille de l’unité
- Utilisation du condo
- Prix
- Revenu net d’exploitation
| Type de vente | Investissement | Nbre d’espaces de stationnement | 90 |
| Taux de capitalisation | 9,81% | ID/Numéro de lot | 06-11-455-033 |
| Type de vente | Investissement |
| Taux de capitalisation | 9,81% |
| Nbre d’espaces de stationnement | 90 |
| ID/Numéro de lot | 06-11-455-033 |
Notes sur la vente
This offering presents the opportunity to acquire an approximately 8,000 SF condominium interest leased to WellNow Urgent Care in the heart of Kalamazoo’s established medical corridor.
In 2025, WellNow expanded its premises from 4,077 SF to approximately 8,000 SF and extended the current lease term through April 30, 2030, demonstrating a meaningful commitment to the location. The lease includes 2% annual rent increases throughout the remaining term and two additional five-year extension options, with the 2% annual increases continuing through the option periods.
The lease includes a corporate guaranty, and WellNow operates more than 150 locations across Illinois, Indiana, Michigan, New York, and Pennsylvania. The property is positioned along Gull Road with visibility to approximately 25,893 vehicles per day and is located directly across from Beacon Kalamazoo Hospital, a 422 bed regional medical center.
The surrounding area includes complementary healthcare providers, established medical infrastructure, and dense residential neighborhoods that support demand for convenient outpatient medical services. The double net (NN) lease provides a limited landlord obligation structure, with the landlord responsible for only 50% of roof, structure, and HVAC costs and the tenant responsible for all other obligations.
In 2025, WellNow expanded its premises from 4,077 SF to approximately 8,000 SF and extended the current lease term through April 30, 2030, demonstrating a meaningful commitment to the location. The lease includes 2% annual rent increases throughout the remaining term and two additional five-year extension options, with the 2% annual increases continuing through the option periods.
The lease includes a corporate guaranty, and WellNow operates more than 150 locations across Illinois, Indiana, Michigan, New York, and Pennsylvania. The property is positioned along Gull Road with visibility to approximately 25,893 vehicles per day and is located directly across from Beacon Kalamazoo Hospital, a 422 bed regional medical center.
The surrounding area includes complementary healthcare providers, established medical infrastructure, and dense residential neighborhoods that support demand for convenient outpatient medical services. The double net (NN) lease provides a limited landlord obligation structure, with the landlord responsible for only 50% of roof, structure, and HVAC costs and the tenant responsible for all other obligations.
| Unité | Taille de l’unité | Utilisation du condo | Prix | Revenu net d’exploitation |
| Unité WellNow | 8 000 pi² | Médical | 1 834 066 $ CAD (229,26 $ CAD/pi²) | 179 937,39 $ CAD |
Unité WellNow
| Taille de l’unité |
| 8 000 pi² |
| Utilisation du condo |
| Médical |
| Prix |
| 1 834 066 $ CAD (229,26 $ CAD/pi²) |
| Revenu net d’exploitation |
| 179 937,39 $ CAD |
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Unité WellNow
| Taille de l’unité | 8 000 pi² |
| Utilisation du condo | Médical |
| Prix | 1 834 066 $ CAD (229,26 $ CAD/pi²) |
| Revenu net d’exploitation | 179 937,39 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 9,81% |
| Nbre d’espaces de stationnement | 90 |
| ID/Numéro de lot | 06-11-455-033 |
| Notes sur la vente | |
| This offering presents the opportunity to acquire an approximately 8,000 SF condominium interest leased to WellNow Urgent Care in the heart of Kalamazoo’s established medical corridor.<br> <br> In 2025, WellNow expanded its premises from 4,077 SF to approximately 8,000 SF and extended the current lease term through April 30, 2030, demonstrating a meaningful commitment to the location. The lease includes 2% annual rent increases throughout the remaining term and two additional five-year extension options, with the 2% annual increases continuing through the option periods.<br> <br> The lease includes a corporate guaranty, and WellNow operates more than 150 locations across Illinois, Indiana, Michigan, New York, and Pennsylvania. The property is positioned along Gull Road with visibility to approximately 25,893 vehicles per day and is located directly across from Beacon Kalamazoo Hospital, a 422 bed regional medical center.<br> <br> The surrounding area includes complementary healthcare providers, established medical infrastructure, and dense residential neighborhoods that support demand for convenient outpatient medical services. The double net (NN) lease provides a limited landlord obligation structure, with the landlord responsible for only 50% of roof, structure, and HVAC costs and the tenant responsible for all other obligations.</li></ul> |
Faits sur la propriété
Les informations ci-dessous concernent l’ensemble de l’immeuble. Les caractéristiques propres à chaque lot peuvent varier et sont précisées dans la description du lot présenté ci-dessus.
| Taille totale du bâtiment | 16 156 pi² | Superficie de plancher typique | 8 078 pi² |
| Type de propriété | Bureau (Condo) | Année de construction | 1965 |
| Sous-type de propriété | Médical | Taille du lot | 0,90 AC |
| Classe d’immeuble | B | Ratio de stationnement | 5,57/1 000 pi² |
| Planchers | 2 | ||
| Zonage | C-1 - Commercial | ||
| Taille totale du bâtiment | 16 156 pi² |
| Type de propriété | Bureau (Condo) |
| Sous-type de propriété | Médical |
| Classe d’immeuble | B |
| Planchers | 2 |
| Superficie de plancher typique | 8 078 pi² |
| Année de construction | 1965 |
| Taille du lot | 0,90 AC |
| Ratio de stationnement | 5,57/1 000 pi² |
| Zonage | C-1 - Commercial |
1 1
Moyennement accessible à pied
60/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
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1634 Gull Rd
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