Single-Tenant NNN
For Sale
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4037 S Westnedge Ave, Kalamazoo, MI 49008
Operating cannabis dispensary with a triple-net lease and established retail positioning.
Property SizeContact for details
Days on Market143
Property Features for 4037 S Westnedge Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 5:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group
Investment Insights
Based on property information with market context.
This single-tenant cannabis dispensary occupies a 3,000-square-foot building at 4037 S Westnedge Ave in Kalamazoo, Michigan. High Profile began operations at the property in June 2021, and the existing triple-net lease runs through June 2028. Contractual rent increases are set at 2% annually during the primary term and continue through two five-year renewal options.
The property fronts Westnedge Avenue, which records 26,800 vehicles per day, and is less than two miles north of the Crossroads and Southland Mall retail corridor. Nearby retailers include Meijer, HomeGoods, and Lowe’s Home Improvement, with additional national retailers located in and around the corridor. Interstate 94 is also nearby, carrying 82,840 vehicles per day. Downtown Kalamazoo is approximately a 10-minute drive from the property.
The property fronts Westnedge Avenue, which records 26,800 vehicles per day, and is less than two miles north of the Crossroads and Southland Mall retail corridor. Nearby retailers include Meijer, HomeGoods, and Lowe’s Home Improvement, with additional national retailers located in and around the corridor. Interstate 94 is also nearby, carrying 82,840 vehicles per day. Downtown Kalamazoo is approximately a 10-minute drive from the property.
Key Highlights
- Single‑tenant cannabis dispensary in a 3,000‑square‑foot building
- Triple‑net lease runs through June 2028
- 2% annual rental escalations during the primary term and renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 16%
Home Improvements & Furnishings 15%
Groceries 14%
HomeGoods
Home Improvements & Furnishings
22,468 visits/mo
0.4 miles
Earth Fare
Groceries
21,322 visits/mo
0.4 miles
Speedway
Shops & Services
16,229 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
16,089 visits/mo
0.3 miles
Lee's Famous Recipe Chicken
Dining
13,328 visits/mo
0.3 miles
Demographics for 49008, MI
18,343
Population
7,124
Households
2.6
Avg Household Size
31
Median Age
55%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
2,738
Density / Sq Mi
$67,339
Median Household Income
$31,756
Median Earnings
$1,005
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Operating cannabis dispensary with a triple-net lease and established retail positioning.
Where is this nnn property located?
The property is located at 4037 S Westnedge Ave Kalamazoo, MI.
What are key features of this property?
This property features: Single‑tenant cannabis dispensary in a 3,000‑square‑foot building; Triple‑net lease runs through June 2028; 2% annual rental escalations during the primary term and renewal options
