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
115 S Reynolds Rd
Toledo, Ohio

$2,280,000 | 23,100 SF
Single-Tenant
219 Jari Dr
Johnstown, Pennsylvania

$4,493,493 | 19,200 SF
Multi-Tenant
2951-2963 Navarre Ave
Oregon, Ohio

$5,604,686 | 15,233 SF
Multi-Tenant
17000 Kercheval Ave
Grosse Pointe, Michigan

Unpriced | 78,058 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement