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2600 W Michigan Ave
Kalamazoo, MI 49006

$4,123,592 USD

Drugstore For Sale  •  13,225 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 13,225 SF
  • Lot Size 0.93 AC
  • Building Class B
  • Year Built 2016
  • Tenancy Single
  • Zoning CN-1
0 Transit Score
70 Walk Score

Highlights

Approximately 17 years left on an ABSOLUTE NET GROUND LEASE with CVS
Primary Term thru January 31, 2042 with ten (10) five (5) year options to extend - No increases in the rent during primary term
10% rental increases at the beginning of each five year option
Investment Grade Tenant - Moody's rating: Baa2
Three points of ingress/egress into overall shopping center
Single lane "drive thru" access

Property Flyers

Amenities

  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 100
Type: Surface
Included in Rent: Yes
Jeffrey Hirschfeld 303-623-0200 Antonoff & Company Brokerage, Inc.
Jeffrey Hirschfeld 303-623-0200 Antonoff & Company Brokerage, Inc.