Burger King Portage, MI

6415 S Westnedge Ave
Portage, MI

Price: $1533333
Cap Rate: 6.00%
NOI: $92,000
Building Size: Approx. 3983 Sq. Ft.
Lot Size: Approx. 1.25 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built / Renovated: 1974 / 1989

Investment Overview

  • 3,983+/- SF Building on 1.25+/- Acre Site
  • 14-Yrs remaining on a 15-Yr NNN lease w/ 10% Rent Bumps every 5-Yrs
  • Along S Westnedge Ave (32,000 Cars / Day), just S of Interstate 94 (68,000 Cars/Day)
  • Adjacent to The Crossroads Mall (770k SF), Sam’s Club, Best Buy, Target, Home Depot, & Dick’s Sporting Goods
  • Major Employers: Stryker Inst. (2,300 Empl.), Pfizer (2,100 Empl.), Portage Public Schools (950 Empl.), State Farm Ins. (950 Empl.)
  • Portage is located equidistant, 2-Hours, from Detroit, MI & Chicago, IL | 3-Miles SW of Kalamazoo/Battle Creek International Airport (267k pass/year)
  • 5-Mile Radius: 2015 Estimated population 123,432 | 3-Mile Average Household Income:  $65,449
  • Kalamazoo – Battle Creek – Portage CSA: 4TH Largest CSA in the US state of Michigan

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