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
1500 Greentree Blvd
Clarksville, Indiana
$7,058,824 | 112,437 SF
Clarksville, Indiana
$7,058,824 | 112,437 SF
Single-Tenant
33703 Van Dyke Ave
Sterling Heights, Michigan
$3,627,787 | 7,170 SF
Sterling Heights, Michigan
$3,627,787 | 7,170 SF
