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

Multi-Tenant
2951-2963 Navarre Ave
Oregon, Ohio

$5,963,586 | 15,233 SF
Multi-Tenant
17000 Kercheval Ave
Grosse Pointe, Michigan

Unpriced | 78,058 SF
Multi-Tenant
1203-1273 N Commerce Rd
Commerce Twp, Michigan

Unpriced | 9,848 SF
Single-Tenant
3392 E Beltline Ave NE
Grand Rapids, Michigan

$4,769,231 | 10,000 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement