5431 W Main St
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5431 W Main St
3,340 SF Retail Building Kalamazoo, MI 49009 $1,621,000 ($485/SF)
Investment Highlights
- Cap Rate: 6.24%
- Lease End Date: 6/30/2035 (up to 4 renewals; 5 year terms)
- NOI: $101,200.08
Executive Summary
5431 W Main Street in Kalamazoo, MI, is a well-positioned Burger King with excellent visibility in a bustling area of the city. This property is currently operated by a tenant with a strong presence, managing 25 restaurants across Ohio, Michigan, and Indiana. The site features a fully equipped kitchen, a comfortable dining area, and ample parking for customer convenience. Located on a main thoroughfare, the property benefits from steady traffic and easy access, presenting a prime opportunity for investors or operators looking to strengthen their foothold in the restaurant industry in a thriving market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,340 SF
Building Class
C
Year Built
1986
Price
$1,621,000
Price Per SF
$485
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
1.01 AC
Zoning
C COMM
Parking
30 Spaces (8.98 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 05-13-401-010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $424,000 |
PROPERTY TAXES
Parcel Number
05-13-401-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$424,000
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5431 W Main St
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