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
408 W Maumee St
Adrian, Michigan

$1,732,143 | 19,833 SF
Multi-Tenant
4025 24th Ave
Fort Gratiot, Michigan

$10,200,000 | 86,923 SF
Multi-Tenant
1830-1879 172nd Ave
Grand Haven, Michigan

$4,287,781 | 31,034 SF
Multi-Tenant
8747-8751 Brecksville Rd
Brecksville, Ohio

$3,213,174 | 10,603 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement