7-Eleven (Speedway)

Kalamazoo is a leading economic and educational center in southwest Michigan, strategically located along Interstate 94 between Chicago and Detroit. The city is home to Western Michigan University, one of the state's largest public universities, and is supported by a diverse economy anchored by healthcare, higher education, advanced manufacturing, life sciences, pharmaceuticals, and logistics. Major employers, including Stryker, together with a highly educated workforce and strong research presence, have helped establish Kalamazoo as one of Michigan's premier innovation and business hubs. The city continues to attract investment through downtown redevelopment, healthcare expansion, and industrial growth while benefiting from excellent regional connectivity and a broad consumer base. Kalamazoo offers a high quality of life with a vibrant downtown, cultural attractions, parks, and convenient access to Lake Michigan and major Midwest markets. Supported by a resilient economic foundation, ongoing public and private investment, and a strategic location within one of Michigan's strongest commercial corridors, Kalamazoo provides an attractive environment for businesses and long-term commercial real estate investment.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.