Offering Memorandum

Investment Sale

Five Below

3450 W South Airport Rd
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

Single-Tenant
1007 Memorial Rd
Houghton, Michigan

$5,468,750 | 14,550 SF
Single-Tenant
139 Javit Court
Austintown, Ohio

$3,279,859 | 10,505 SF
Single-Tenant
28805 Mound Rd
Warren, Michigan

$1,358,518 | 2,178 SF
Multi-Tenant
3309-3139 Oak View Dr
Omaha, Nebraska

Unpriced | 91,350 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement