2103 Parkview Ave, Kalamazoo, MI 49008

This is a fee simple interest in a single-tenant grocery investment property located in Kalamazoo, Michigan. The property is leased to D&W Fresh Market under a NNN lease originally commencing November 9, 1998, with the current term extending through December 31, 2031, and three five-year renewal options. The lease includes a 10% rental increase effective January 1, 2027, followed by 10% increases at the beginning of each renewal option. In addition to base rent, the lease requires the tenant to pay a 5% management fee to the landlord, resulting in total annual income of approximately $505,272 beginning in 2027. The tenant is responsible for property taxes, insurance reimbursements, maintenance, and operational expenses. The property is located at a signalized hard-corner intersection at Parkview Avenue and Oakland Drive, with a combined traffic count of approximately 32,000 vehicles per day. It features visibility and multiple points of access along both thoroughfares. The property is positioned within a retail corridor serving the Kalamazoo market and is surrounded by retailers including Meijer, Aldi, Lowe’s, TJ Maxx, Kohl’s, Burlington, Dick’s Sporting Goods, Target, Michaels, Hobby Lobby, Barnes & Noble, and HomeGoods. The property also benefits from proximity to Western Michigan University, Downtown Kalamazoo, Bronson Methodist Hospital and Western Michigan University Homer Stryker M.D. School of Medicine. The 5-mile trade area is supported by a population of over 152,000 with an average household income of $88,545. The property size is 29000 square feet.