Entity Owned Property summary
This exceptional investment opportunity presents a brand-new, Class A, 41,467-square-foot distribution warehouse in Galesburg, Michigan. Located at 8931 E K Ave, 49053, this single-tenant property boasts a 10-year net lease (NN) with a credit-rated corporate guarantor, Compass Group, a Fortune Global 500 company. The lease commenced May 15, 2024, and includes 2% annual rent escalations, providing a built-in hedge against inflation. The property features three loading docks and three… dock-high doors, situated on a 3.61-acre lot. With a 6% cap rate and a Net Operating Income (NOI) of $352,470, this offering presents a compelling return on investment. The asking price is $5,900,000 ($142.28/SF). The tenant, Canteen (a Compass Group subsidiary), is the leading vending company in the United States, operating over 225 distribution locations nationwide. Their Galesburg branch has served the area for over 50 years, relocating to this new facility from a nearby location. The property benefits from its strategic location, with easy access to I-94, a major east-west corridor, placing it within a dense industrial area alongside other significant companies. The lease includes two five-year renewal options, further enhancing the long-term value and stability of this investment. The property is fee simple ownership and represents a strong investment in a high-demand industrial market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2021
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 1.81 ac
- APN
- 07-15-480-100
- Zoning
- LM
- Assessed value · 2023
- $16,100
- Annual tax · 2021
- $698
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
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