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
17005-17375 & 18005-18035 Silver Parkway
Fenton, Michigan

Unpriced | 164,632 SF
Single-Tenant
1213 N Barron St
Eaton, Ohio

$3,523,529 | 14,588 SF
Single-Tenant
2710 Salem Ave
925 Woodville Rd
Dayton & Toledo, Ohio

Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
Single-Tenant
40 Catherwood Rd
Ithaca, New York

$5,786,957 | 126,000 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement