NNN-Leased Convenience
5437 Division Ave, Wyoming, MI 49548
For Sale
Contact for pricing
Casey’s occupies a 2023-built site with contractual rent increases and multiple renewal options.
Property Size6,651 SF
Lot Size1.86 Acres
Price / SF$1,420
Days on Market25
Property Features for 5437 Division Ave
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Traffic Count
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License #GA 349355
(404) 504-7893
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 4:46PM
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 CBRE - Atlanta
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Casey’s Retail Company occupies this convenience store under a NNN lease. Completed in 2023, the building contains 6,651 SF on a 1.86-acre parcel. The lease has approximately 11.2 years remaining and runs through 12/31/2037. Contractual rent increases of 7.5% are scheduled for 2028 and 2032, followed by five 5-year renewal options, each with a 5% increase during the option period.
The property is at 5437 Division Ave in Wyoming, Michigan. Division Avenue traffic is reported at 18,464 VPD, with nearby highway traffic of 28,565 VPD. More than 218,000 residents live within 5 miles, and average household income in that area exceeds $100,000. Casey’s operates more than 2,900 locations nationally.
The property is at 5437 Division Ave in Wyoming, Michigan. Division Avenue traffic is reported at 18,464 VPD, with nearby highway traffic of 28,565 VPD. More than 218,000 residents live within 5 miles, and average household income in that area exceeds $100,000. Casey’s operates more than 2,900 locations nationally.
Key Highlights
- Casey’s Retail Company occupies the property under a NNN lease
- 6,651 SF building on 1.86 acres
- Lease runs through 12/31/2037, with approximately 11.2 years remaining
Property Analytics
Current Use
Lease Details
18,464 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,250 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,789 visits/mo
0.3 miles
Demographics for 49548, MI
34,741
Population
13,174
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
86%
High-School Grad
10.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$62,218
Median Household Income
$35,831
Median Earnings
$1,129
Median Rent
$149,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Casey’s occupies a 2023-built site with contractual rent increases and multiple renewal options.
Where is this nnn property located?
The property is located at 5437 Division Ave Wyoming, MI.
What is the asking price?
The asking price for this property is $9,447,619.
What are key features of this property?
This property features: Casey’s Retail Company occupies the property under a NNN lease; 6,651 SF building on 1.86 acres; Lease runs through 12/31/2037, with approximately 11.2 years remaining
