S Westnedge Avenue Build-To-Suit/Ground Lease Opportunity

Vacant Land for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 28457662
Property Subtypes: Office, Retail, Retail-Pad, General
Gross Land Area: 1 - 3.22 Acres
Lease Rate: $1 Per Acre (Annual)
$0 PSF (Annual)
Base Monthly Rent: $0.08 - 0.27
Lease Types: Ground Lease, NNN
Land Splits Available: Yes
Last Updated: 7/26/2022

Overview / Comments

5110 S Westnedge Avenue is an approximately 3.22-acre build-to-suit/ground lease opportunity in the heart of the Portage retail corridor, just north of Interstate 94. This is prime real estate for a full service restaurant, drive-thru eatery/café, bank with drive-thru access, medical office, urgent care, or other retail/medical options. The unparalleled management from The Hinman Company ensures premium service aimed at exceeding expectations. Skilled local property management works diligently to ensure the success of users by providing a professional, well-maintained property to compliment the unique needs of their businesses. Additionally, The Hinman Company has its own team of in-house construction and design professionals standing by to help create thoughtfully designed developments. Strategically located along S Westnedge Avenue, the site offers unmatched brand exposure with visibility to over 37,783 daily drivers on S Westnedge Avenue. The site also benefits from the area’s dense retail including Lowes, Earth Fare, HomeGoods, and Meijer across the street. Synonymous with destination shopping, The Crossroads is an eight-minute drive. Customers will appreciate the easy ingress and egress through multiple possible entrances in addition to the ability for ample parking. Users will benefit from the location’s built-in consumer base that features a mix of demographics. This great location features strong economic demographics that offers all the elements that make for a successful business. In addition to the daytime commuter traffic, a population of over 150,770 people lives within a five-mile radius of the property, with the average household income exceeding $70,091.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Submarket Type: Suburban
Taxing Authority: City of Portage
Tax ID/APN: 00004-001-D
Zoning: CPD - COMMERCIAL PLANNED DEVELOPMENT
Property Located Between: S Westnedge Avenue and W Kilgore Road
Property Visibility: Excellent
Legal Description: \COMMENCING AT THE NE CORNER OF SECT 4, T 3 S, R 11 W, CITY OF PORTAGE, KALAMAZOO COUNTY, MI; TH S 00DEG-00'-00" E ALONG THE E LINE OF SAID SECT, 540.11 FT FOR THE PLACE OF BEG OF THE LAND HEREINAFTER DESCRIBED; TH CONTINUING S 00DEG-00'-00" E ALONG SAID E LINE, 156 FT, SAID POINT BEING 696.11 FT S OF THE NE CORNER OF SAID SECT (RECORDED AS 696.37 FT S OF THE NE CORNER OF SAID SECT); TH N 89DEG-25'-21" W, 172.81 FT TO A POINT 130 FT W OF THE PRESENT RIGHT-OF-WAY OF S. WESTNEDGE AVE; TH S 00DEG-43'-39" E PARALLEL WITH SAID PRESENT RIGHT-OF WAY, 195.04 FT (RECORDED AS 195 FT); TH N 89DEG-25'-16" W, 32.33 FT; TH S 12DEG-12'-34" W, 234.68 FT; TH S 86DEG-58'-26" W, 108.31 FT; TH S 47DEG-31'-33" W, 54.98 FT; TH N 25DEG-52'-29" W, 39.66 FT; TH S 64DEG-07'-31" W, 17.93 FT; TH NELY, 43.8 FT ALONG A CURVE TO THE RIGHT WITH A RADIUS OF 73 FT AND A CHORD BEARING N 06DEG-54'-37" E, 43.15 FT; TH N 24DEG-05'-59" E, 88.83 FT; TH NELY 45.03 FT ALONG A CURVE TO THE LEFT WITH A RADIUS OF 107 FT AND A CHORD BEARING N 12DEG-02'-35" E, 44.7 FT; TH N 00DEG-00'-49" W, 270.41 FT; TH NWLY 30.01 FT ALONG A CURVE TO THE LEFT WITH A RADIUS OF 140 FT AND A CHORD BEARING N 06DEG-09'-19" W, 29.96 FT; TH N 12DEG-17'-50" W, 59.75 FT; TH NWLY 20.23 FT ALONG A CURVE TO THE RIGHT WITH A RADIUS OF 90 FT AND CHORD BEARING N 05DEG-51'-29" W, 20.19 FT; TH N 00DEG-34'-53" E, 25.84 FT; TH NELY 39.25 FT ALONG A CURVE TO THE RIGHT WITH A RADIUS OF 25 FT AND CHORD BEARING N 45DEG-33'-49" E, 35.34 FT; TH S 89DEG-27'-15" E, 376.22 FT TO THE PLACE OF BEG. EXCEPT ANY PART THEREOF TAKEN, USED, OR DEEDED FOR STREET, ROAD, OR HIGHWAY PURPOSES. CONTAINING 3.32 ACRES.
Largest Nearby Street: S Westnedge Avenue
Feet of Frontage: 156
Traffic/Vehicle Count: 37,783
Highway Access: Interstate 94 - 0.4 Miles
Airports: Kalamazoo/Battle Creek International Airport - 2.4 Miles
Area Description: Having built itself up as an economic powerhouse thanks to the production of pharmaceuticals by Pfizer, including the COVID-19 vaccine, and the development of medical technologies by locally based Stryker Corporation, Portage has become one of the most affluent and desirable suburbs in West Michigan. Portage residents enjoy a mostly quiet suburban atmosphere, filled with large homes and attractive apartment complexes. Located about 10 minutes south of Downtown Kalamazoo, the Portage area has been rapidly growing with a projected population growth of 3.0% over the next five years. Together these residents make up a total annual consumer spending of over $3.1 billion, almost $350 million of which was on food and drinking establishments last year. This prominent position and access, along with a high quality of living and friendly business environment, serve to boost the economic growth of Portage and make it an excellent area to locate a company.
Lot Frontage: 156'
Lot Depth: 330'
Zoning Description: The Commercial Planned Development district permits a mixture of office, commercial and service land uses in a planned manner and permits flexibility in building design, building placement and other site design elements.
Part of Planned Development?: Yes
Development Name: Westnedge@Kilgore Shopping Center
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,825 85,514 163,849
Median Age: 37.22 33.74 34.02
Households: 3,953 34,316 66,719

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