208 River St
208 River St, Kalamazoo, MI 49048
- $6.5M
- 3,107 SF building
- 1 ac
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. ABSOLUTE NNN LEASE – Provides a truly passive investment with no landlord responsibilities.LONG-TERM LEASE – Lease commenced November 22, 2024, and extends through December 31, 2040.BUILT-IN ANNUAL RENT GROWTH – Contractual 1.0% annual rent increases provide predictable income growth.ATTRACTIVE INVESTMENT RETURN – Offered at $6,482,206 with a 5.25% capitalization rate.STRONG ANNUAL CASH FLOW – Generates $340,316 in annual Net Operating Income.NATIONALLY RECOGNIZED TENANT – Occupied by 7-Eleven (Speedway), one of North America's largest convenience store and fuel retailers.MODERN RETAIL ASSET – 3,107 SF convenience store situated on 0.66 acres.STRATEGIC KALAMAZOO LOCATION – Positioned along River Street with excellent visibility, convenient access, and proximity to Interstate 94.ESSENTIAL RETAIL INVESTMENT – Convenience stores and fuel stations benefit from recurring consumer demand and daily necessity-based traffic.PREMIER LONG-TERM OPPORTUNITY – Opportunity to acquire a high-quality net lease asset backed by a market-leading convenience retailer with contractual rental growth.
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