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Gourmet Supermarket with Shopping Center

Kalamazoo County, MI, USA
Updated 1 day ago
Established 2017

Don't miss this exceptional opportunity to own a premier gourmet supermarket and upscale shopping center in Southwest Michigan. This high-end market generates over $7.5 million in annual revenue with a cash flow of $413,000 per year, offering significant growth potential. Built within the last seven years, both the supermarket and shopping center are fully turnkey and impeccably maintained. Revenue can be further increased by adding lottery sales, a bakery, and prepared foods. The shopping center, situated on approximately five acres in a densely populated area surrounded by new housing developments, features secure leases with reputable tenants under long-term contracts with annual rent increases. The center is listed at an 8.7% CAP rate, producing $783,080 in Net Operating Income (NOI). Additionally, there's an opportunity to further increase NOI through a land lease or a build-to-suit project on an available outlot. Serious inquiries only. Proof of funds will be required before disclosing further details. Call today to explore this outstanding investment opportunity!

Seats

Licenses Required Sales Tax, SDD, SDM, Snap, Health

Parking

ample

Days Open

7 days

Inventory

$625,000

File Number

0119

Real Estate

$9,000,000-Included in Sale Price

Down Payment

CASH/NEW MORTGAGE

Business Hours

Monday-Saturday 7am-9pm, Sunday 8am-8pm

Business Price

$1,999,990.00

Cash Flow Source

2023 Tax Returns

Licenses Required

Sales Tax, SDD, SDM, Snap, Health

Gross Sales Source

2023 Tax Returns

Reason for Selling

Seller has other businesses

Financials

Asking Price
$11.0M
RevenueMost Recent Year
$7.6M
EarningsLast Reported
Undisclosed
Assets ValueNot Included in Asking Price
$3.2M
Seller Financing
Not available

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