SRS Real Estate Partners has arranged the sale of a single-tenant grocery property in Kalamazoo, Michigan, for $6.92 million. The asset, located at 2103 Parkview Avenue, is fully occupied by D&W Fresh Market and is structured as a net lease investment.
The freestanding building totals 29,000 square feet and sits on a 2.33-acre site. Originally constructed in 1955, the property has been adapted over time to support modern grocery operations while maintaining its role as a neighborhood-serving retail asset. The current lease runs through 2031, leaving approximately five years of remaining primary term, and provides three additional five-year renewal options.
D&W Fresh Market operates at the property under a corporate-guaranteed absolute triple net lease. The grocer is operated by a subsidiary of C&S Wholesale, providing an added layer of credit support for the income stream. Under the absolute triple net structure, the tenant is responsible for the full slate of property-level expenses, which is a common feature of single-tenant net lease investments focused on predictable cash flow.
The seller, a Toronto-based investor group, engaged SRS Capital Markets to oversee the disposition. SRS Capital Markets Senior Vice President Jeff Gates represented the seller in the transaction, marketing the property to net lease buyers seeking long-duration income backed by a grocery tenant. The buyer was described as an institutional investor, signaling ongoing interest from larger capital sources in this segment of the retail net lease market.
Gates noted that single-tenant grocery assets remain among the most sought-after net lease investment types, citing their history of generating durable cash flow and their ability to perform across different economic environments. The combination of corporate credit, necessity-based retail, and long-term lease structure was a key component of the investment thesis for the buyer.
The property is positioned along Parkview Avenue in one of Kalamazoo’s primary retail corridors. The corridor features a mix of national retailers and restaurant brands, contributing to consistent consumer traffic and reinforcing the grocery store’s role as an anchor destination for the surrounding trade area. The location dynamics, together with the lease structure and operator profile, frame the transaction as a stabilized income play for the institutional purchaser.
This closing adds to the pipeline of single-tenant net lease grocery trades brokered by national investment sales teams, reflecting continued interest in well-located, necessity-based retail properties in established commercial corridors.
