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
3852 State Route 31
Liverpool, New York
$3,100,000 | 6,039 SF
Liverpool, New York
$3,100,000 | 6,039 SF
Single-Tenant
2106 US-1
Vero Beach, Florida
Auction | 5,950 SF
Vero Beach, Florida
Auction | 5,950 SF
Single-Tenant
1035 N Susquehanna Trail
Selinsgrove, Pennsylvania
$2,400,000 | 3,265 SF
Selinsgrove, Pennsylvania
$2,400,000 | 3,265 SF
