Retail Space
6091 Constitution Boulevard Portage, MI 49024
Details & Description
Price: $1,200,000
    Empire Beauty School is an attractive, 6,360 SF, single tenant retail building featuring quality, all-brick construction and a prominent “chimney” design element that allows the tenant’s signage to be displayed high above the front façade. The asset is secured by a corporate backed, Triple Net Lease from Empire Beauty School (Empire Education Group, Inc.) operating on a new 6 year lease term extension that commenced on January 1, 2021. The lease entails few landlord responsibilities, as the tenant is responsible for all expenses related to the property with the exception of roof, structure, foundation maintenance and a cap on management fee pass through. The property offers ample parking and good access and visibility. The property is located on the edge of a major regional retail district featuring Crossroads Regional Shopping Mall, anchored by Sears, Macy’s and JC Penney, along with numerous major retailers, including Best Buy, Target, Home Depot, Sam’s Club and Dicks Sporting Goods.This opportunity represents a 7.97% capitalization rate on in-place income.
    Listing Agents
    Scott Nurski

    O: 616-776-0100
    M: 616-460-7102
    scottn@naiwwm.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    6091 Constitution Boulevard

    Portage, MI 49024

    Listing ID: 232249
    • 6091 Constitution Boulevard Portage, MI 49024 | for Sale | Photo 1
    • 6091 Constitution Boulevard Portage, MI 49024 | for Sale | Photo 2
    6091 Constitution Boulevard | for Sale | Thumbnail 1
    6091 Constitution Boulevard | for Sale | Thumbnail 2
    Building Size: 6,360 SF
    Lot Size: 1.980 AC
    Land Size: 86,248 SF
    Building $/SF: $188.68
    Land $/SF: $13.91
    Price
    $1,200,000
    Description

    Empire Beauty School is an attractive, 6,360 SF, single tenant retail building featuring quality, all-brick construction and a prominent “chimney” design element that allows the tenant’s signage to be displayed high above the front façade. The asset is secured by a corporate backed, Triple Net Lease from Empire Beauty School (Empire Education Group, Inc.) operating on a new 6 year lease term extension that commenced on January 1, 2021. The lease entails few landlord responsibilities, as the tenant is responsible for all expenses related to the property with the exception of roof, structure, foundation maintenance and a cap on management fee pass through. The property offers ample parking and good access and visibility. The property is located on the edge of a major regional retail district featuring Crossroads Regional Shopping Mall, anchored by Sears, Macy’s and JC Penney, along with numerous major retailers, including Best Buy, Target, Home Depot, Sam’s Club and Dicks Sporting Goods.

    This opportunity represents a 7.97% capitalization rate on in-place income.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Portage Area Market Trends

    Listing Demographics for 6091 Constitution Boulevard Portage, MI 49024

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population9,01655,628139,375
    Population Median Age363836
    Population by Age0-9 Yrs1410 (15%)6695 (12%)14903 (10%)
    10-19 Yrs1014 (11%)7122 (12%)18808 (13%)
    20-29 Yrs1746 (19%)9032 (16%)34051 (24%)
    30-39 Yrs1185 (13%)7259 (13%)16504 (11%)
    40-49 Yrs934 (10%)7071 (12%)15043 (10%)
    50-59 Yrs892 (9%)6500 (11%)14280 (10%)
    60-69 Yrs886 (9%)6100 (10%)13428 (9%)
    70+ Yrs949 (10%)5849 (10%)12358 (8%)
    Median HH Income$46,904$59,354$51,716
    Total Household Income< 24K979 (25%)4067 (17%)12532 (22%)
    25-49K1042 (26%)5724 (24%)14382 (25%)
    50-74K792 (20%)4518 (19%)9691 (17%)
    75-99K366 (9%)2746 (11%)6141 (11%)
    100-199K657 (16%)5048 (21%)9944 (17%)
    200K+55 (1%)1324 (5%)2685 (4%)
    Highest Education LevelNo Diploma43817205473
    Diploma or GED1288701216418
    Some College1285774418276
    Assoc. Degree57131297593
    Bachelors Degree12141004820621
    Higher Degree850741414591
    Total Housing Units4,17524,66560,663
    --Owner-Occupied2,03414,78630,330
    --Renter-Occupied1,8578,64125,045
    Owner-Occupied Values< 100K39328007716
    100-199K1324729712558
    200-299K26129876237
    300-399K267001591
    400-499K13451985
    500K+175501243
    Total Working Age Population7,00444,662115,256
    In Work Force4,86731,23678,439
    Not In Work Force2,13713,42736,816
    Workforce Employed4,49429,64473,570
    Workforce Unemployed3441,5284,784
    Civlian Workforce4,83831,17278,354
    Military Workforce296385
    Total Households3,89123,42755,375
    Family Households2,17213,62329,119
    Non-Family Households1,7199,80326,256
    Married Couple1,46510,37321,453
    Other Family7073,2517,666
    Married w/Child5684,2818,884
    Single Male w/Child763421,106
    Single Female w/Child4221,5153,226

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Michigan9,938,444-19,883,640+110,023,423+410,424,510
    Kalamazoo County238,603+5250,331+7267,738+8290,091

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 6091 Constitution Boulevard in Portage?
    The asking price for 6091 Constitution Boulevard is $1,200,000
    What is the building size of this Retail property in Portage, MI?
    The size of the building/unit at 6091 Constitution Boulevard in Portage is 6,360 square feet
    How much land does the Portage, MI property at 6091 Constitution Boulevard include?
    6091 Constitution Boulevard in Portage includes 1.980 acres of land
    What kind of Retail is the propery at 6091 Constitution Boulevard?
    The property at 6091 Constitution Boulevard Portage, MI 49024 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 6091 Constitution Boulevard in Portage?
    The population within 1 mile of 6091 Constitution Boulevard Portage, MI 49024 is 9,016 people.
    Who do I contact for questions about 6091 Constitution Boulevard?
    You should contact the listing agent, Scott Nurski, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    South Bend Regional Airport (SBN) 51
    Fort Wayne International Airport (FWA) 89
    Toledo Express Airport (TOL) 102