208 River St

Overview

Fortis Net Lease is pleased to present the opportunity to acquire a single-tenant 7-Eleven (Speedway) convenience store located at 208 River Street in Kalamazoo, Michigan. The property consists of a 3,107-square-foot retail building situated on 0.66 acres and is secured by an Absolute NNN lease, providing investors with a truly passive ownership structure with no landlord responsibilities. The asset is offered at $6,482,206, representing a 5.25% capitalization rate, and generates an annual Net Operating Income of $340,316. The lease commenced on November 22, 2024, and extends through December 31, 2040, providing long-term income backed by one of the nation's largest convenience store operators.The lease features 1.0% annual rent increases, providing investors with predictable and growing cash flow throughout the lease term. Strategically positioned along River Street with convenient access to Interstate 94 and the greater Kalamazoo market, the property benefits from excellent visibility, strong traffic patterns, and a well-established consumer base. Backed by the nationally recognized 7-Eleven (Speedway) brand and the necessity-driven nature of convenience retail and fuel operations, this offering presents an exceptional opportunity to acquire a high-quality net lease asset with stable income and long-term appreciation potential.