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