Map of Property

Chick-Fil-A Ground Lease

504 North Drake Road, Kalamazoo, MI 49006

  • For Sale $3,300,000
  • Property Type Retail - Restaurant
  • Property Size 4,996 SF
  • Lot Size 1.25 Acre
  • Property Tenancy Single Tenant
  • Year Built 2020
  • Date Updated Jan 20, 2024
Kalamazoo | MichiganJonna Group is proud to present the Chick-Fil-A Ground Lease retail property at the corner of Drake Road and Main Street, which offers investors an exceptional opportunity for stable, long-term income in a thriving commercial district. This investment provides consistent income growth potential. The property's proximity to major retailers, substantial consumer spending, and nearby educational institutions further solidify its attractiveness to potential tenants.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • $165,000 NOI | 4.85% CAP Rate
  • Absolute NNN (Ground Lease)
  • Hard Corner: Drake Road & Main Street | 42,613 VPD
  • Rare 20-Year Lease Term | 16.5 Years Remaining
  • Scheduled Rental Increases Throughout Initial Term & at the Beginning of Each Option Period
  • Situated in a Commercially Developed Business District
  • Nearby Retailers: Walgreens, Taco Bell, Verizon, Five Guys, Panera Bread, Tim Hortons, Fifth Third Bank, Comerica Bank, PNC Bank, AT&T, ALDI, Chipotle Mexican Grill, Starbucks, Target, Tropical Smoothie Café & Many More…
  • $136M+ Spent on Food Away from Home in 5-Mile Radius
  • Near 2 Major Universities: Western Michigan University & Kalamazoo Valley Community College

Contacts

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

(248) 226-1610

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Kalamazoo, MI
  • Neighborhood Westwood
  • Zip Code 49006
  • Market Grand Rapids

Points of Interest

  • Kalamazoo

    3.26 miles

  • BP

    0.03 miles

  • Shell

    0.21 miles

  • Marathon

    0.61 miles

  • Speedway

    1.32 miles

  • Marathon

    1.48 miles

  • BP

    1.54 miles

  • Pacific Pride

    1.54 miles

  • Meijer Gas

    1.73 miles

  • ChargePoint

    1.73 miles

  • Marathon

    1.74 miles

  • Parking Lot 97

    1.52 miles

  • Parking Lot 81

    1.56 miles

  • Parking Lot 56

    1.56 miles

  • Parking Lot 55

    1.58 miles

  • Parking Lot 72W

    1.59 miles

  • Parking Lot 57

    1.60 miles

  • Parking Lot 58

    1.62 miles

  • Parking Lot 59

    1.62 miles

  • Parking Lot 72R

    1.63 miles

  • Parking Lot 82

    1.66 miles

  • Penn Station

    0.05 miles

  • Taco Bell

    0.09 miles

  • Fazoli's

    0.09 miles

  • Hunan Gardens

    0.14 miles

  • Main Street Pub

    0.15 miles

  • Blimpie

    0.15 miles

  • Panera Bread

    0.16 miles

  • Let's Swirl

    0.16 miles

  • Qdoba

    0.20 miles

  • El Inka

    0.21 miles

  • Natural Health Food Center

    0.06 miles

  • Marshalls

    0.18 miles

  • GFS Marketplace

    0.21 miles

  • Kohl's

    0.25 miles

  • Harding's Friendly Market

    0.28 miles

  • ALDI

    0.34 miles

  • Target

    0.38 miles

  • Campus Pointe Mall

    1.61 miles

  • Meijer

    1.62 miles

  • Save-A-Lot

    1.75 miles

Frequently Asked Questions

What is the lease rate for Chick-Fil-A Ground Lease?

Rental asking rate at Chick-Fil-A Ground Lease is $1,650,000.00/YR.

What is the total square footage of Chick-Fil-A Ground Lease?

Chick-Fil-A Ground Lease totals 4,996 square feet.

When was this property built?

Chick-Fil-A Ground Lease was built in 2020.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

(248) 226-1610