Offering Memorandum
Investment Sale
Five Below
3450 W South Airport Rd
Traverse City, Michigan
Traverse City, Michigan
eCode:011i
Sales Price
$2,314,286
NOI
$162,000
Cap Rate
7.00%
Building Size
9,000 SF
Year Built
2020
Traffic Count
W South Airport Rd (23,829 CPD)
Division St (21,575 CPD)
Highlights
- Long Term Lease
- Strong, Growing Tenant
- Pad to Grand Traverse Mall
- Excellent Visibility
- Strong Market
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 2,763 | 27,054 | 49,723 |
| Household Income | $58,070 | $65,304 | $74,147 |
| Daytime Pop | 5,203 | 27,158 | 42,748 |
SIMILAR PROPERTIES
Multi-Tenant
7848 Mall Rd & 7852 Mall Rd
Florence, Kentucky
Smokey Bones: $1,909,492
BJ's Brewhouse: $2,218,333 | Smokey Bones: 7,200 SF
BJ's Brewhouse: 8,500 SF
Florence, Kentucky
Smokey Bones: $1,909,492
BJ's Brewhouse: $2,218,333 | Smokey Bones: 7,200 SF
BJ's Brewhouse: 8,500 SF
Multi-Tenant
11400-11500 Telegraph Rd
Taylor, Michigan
Unpriced | 83,964 SF
Taylor, Michigan
Unpriced | 83,964 SF
