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Views: 10 Updated: 01.26.24 Posted: 05.03.23 Status: Inactive

Summary

Price $1,341,223
Built/Renov 1940/2021
Tenant High Profile
Cap Rate 8.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,600
Lease Start 06-21-2021
#Units 20
Price/SF $515.86
Expiration 06-21-2028
Tenant Type Medical/Health
NOI $117,357
R. Term 3.6
Ownership Fee Simple
Rent/SF $45.14
Increases 2.0%/1/yrs
Pop 5Mi 117,357
Lot/AC 0.37
Options 2/5yrs/2%
AHHI 5Mi $77,554

Lease Highlights

  • High Profile has over 5 years remaining on its current lease term with 2 (5-year) options to extend
  • Lease features 2% annual rental increases throughout the initial term and at the start of each option
  • Absolute NNN features zero landlord responsibilities
  • Corporate guarantee by C3 Industries (19+ units backed)

Location Description

This recently renovated High Profile is located a the hard corner of South Westnedge Avenue and Oakhurst Avenue with access to 26,800 vehicles per day. The 2,600 square foot building is situated on a .37 acre lot along a dense retail corridor with national/credit tenants in the area including Lowe’s, Meijer, Home Goods, McDonald's, Taco Bell and many more. Additionally, the site is less than 2...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: High Profile
  • Guarantor:Corporate
  • Company:C3 Industries
  • # Units:20
  • Stock:Private

About Tenant

High Profile is a medical and recreational cannabis retail dispensary that curates and sells premium cannabis flower and products. They are a wholly owned subsidiary and retail branch of C3...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,576 70,973 151,627
2023 Total Population : 8,750 71,417 152,198
2023 Employed Civilian Pop : 4,906 37,489 78,433
2023 Total Businesses : 411 3,536 6,577
2023 Average Household Income : $ 81,216 $ 76,622 $ 75,721
2023 Total Consumer Spending : $ 274 M $ 2013 M $ 4256 M
2023 Median Age : 37 33 33
2023 Total Households : 3,869 29,998 64,223
2023 Pop Age 25+: Bachelor's Degree : 1,765 11,386 24,567
2023 Average Home Value : $ 245,603 $ 221,836 $ 225,575
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Kilgore Rd 2021 26,420 0.03 mi
M-331 Liberty St 2020 23,188 0.03 mi
200 FEET W OF WESTNEDGE (IN KALAMAZOO) 2021 802 0.11 mi
DENWAY DR Denway Cir 2020 704 0.11 mi
S Westnedge Ave Buchanan Ave 2015 26,800 0.17 mi
Duke Street 2019 1,396 0.32 mi
W Kilgore Rd Pleasant Ave 2021 1,306 0.32 mi
S Westnedge Ave Old Kilgore Rd 2021 11,767 0.37 mi
West Kilgore Road 2019 11,139 0.37 mi
M-331 2021 8,188 0.38 mi

Listing Broker

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