Corporate-Backed NNN
For Sale
$1,162,000
5370 W Main St, Kalamazoo, MI 49009
Corporate-guaranteed NNN restaurant investment with 19 years of lease term remaining and periodic five-year rent increases.
Property Size1,890 SF
Price / SF$614.81
Days on Market52
Property Features for 5370 W Main St
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Restaurant
Lease Type
NNN
Additional Details
Cap Rate
5.5%
Amenities
NNN Corporate-Guaranteed Starbucks (NASDAQ: SBUX) Offers Limited Landlord Responsibilities in a Passive, Investor-Friendly Structure
Drive-Thru Outparcel Sits Just off US-131 Interchange Which Sees ±55,000 Cars Per Day
Located in Maple Hill Pavilion Alongside Target, Hobby Lobby, and Marshalls, Delivering Daily Traffic in One of the City's Most Established Retail Corridors
Building Details
Building Size
1,890 SF
Listed By:
Ron Duong · License #License(s): CA: 01438643
(949) 350-5431
Source:
Marcusmillichap
Added: Jul 25
Changed: Sep 6
Last Checked: Sep 12 at 3:51AM
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 Ron Duong
Investment Insights
Based on property information with market context.
This corporate-guaranteed NNN restaurant property is offered as a sale investment. The lease features a remaining term of approximately 19 years, extending through 2055, along with four successive five-year options. The structure includes 10% rental increases every five years.
Located at 5370 W Main St in Kalamazoo’s Main Street corridor, the site is described as being among a dense mix of national retailers, including Chick-fil-A, Chipotle, Five Guys, Kohl’s, Lowe’s, and Aldi. The property is also described as less than 3.5 miles from downtown Kalamazoo and about 3 miles from Western Michigan University, which has 17,000+ students.
As presented, the offering supports a long operating history at this specific location, along with a trade-area profile within 5 miles that includes 107,709 residents and an average household income of $89,687.
Located at 5370 W Main St in Kalamazoo’s Main Street corridor, the site is described as being among a dense mix of national retailers, including Chick-fil-A, Chipotle, Five Guys, Kohl’s, Lowe’s, and Aldi. The property is also described as less than 3.5 miles from downtown Kalamazoo and about 3 miles from Western Michigan University, which has 17,000+ students.
As presented, the offering supports a long operating history at this specific location, along with a trade-area profile within 5 miles that includes 107,709 residents and an average household income of $89,687.
Key Highlights
- Corporate‑guaranteed NNN restaurant investment
- 19 years of lease term remaining with four 5‑year options
- Periodic 5‑year rent increases throughout the lease term and options
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
701k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Apparel 23%
Shops & Services 21%
Superstores 13%
Target
Superstores
90,750 visits/mo
0.2 miles
Marshalls
Apparel
50,597 visits/mo
0.4 miles
Chick-fil-A
Dining
45,758 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
39,652 visits/mo
0.4 miles
Kohl's
Apparel
37,335 visits/mo
0.3 miles
Demographics for 49009, MI
47,188
Population
20,609
Households
2.3
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
462
Density / Sq Mi
$82,364
Median Household Income
$44,702
Median Earnings
$1,089
Median Rent
$330,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Starbucks — 5370 W Main St, Kalamazoo, MI 49009
- Kung Fu Tea Kalamazoo — 5043 W Main St, Kalamazoo, MI 49009
- Starbucks — 5350 W Main St, Kalamazoo, MI 49009
- Cold Stone Creamery — 4540 W Main St, Kalamazoo, MI 49006
- BIGGBY COFFEE — 4560 W Main St, Kalamazoo, MI 49006
Frequently Asked Questions
What type of property is this?
Coffee shop - Corporate-guaranteed NNN restaurant investment with 19 years of lease term remaining and periodic five-year rent increases.
Where is this coffee shop located?
The property is located at 5370 W Main St Kalamazoo, MI.
What is the asking price?
The asking price for this property is $1,162,000.
What are key features of this property?
This property features: Corporate‑guaranteed NNN restaurant investment; 19 years of lease term remaining with four 5‑year options; Periodic 5‑year rent increases throughout the lease term and options
