220th Avenue & US-10 R25 - Freestanding FOR SALE
Reed City, MI 49677 |
$2,342,130 USD
605-370-4494
220th Avenue & US-10 R25
Reed City, MI 49677
HIGHLIGHTS
- 15-YEAR SALE LEASEBACK – Long term sale leaseback opportunity commencing at the Close of Escrow.
- ZERO LANDLORD RESPONSIBILITIES – The current lease is Absolute NNN, which means the tenant is responsible for taxes, insurance, CAM, and maintenance
- ATTRACTIVE RENT INCREASES – The lease is subject to 10% rent increases every 5 years throughout the base term and option periods
- FRANCHISEE OVERVIEW – BELLS AND BIRDS, INC.
- EXPERIENCED LOCAL OPERATOR – Bells and Birds, Inc, is an experienced Michigan based quick service restaurant operator with over 30 years of experience
- STRONG 47 UNIT GUARANTEE – The lease is guaranteed by 47 units.
FOR SALE DETAILS
PRICE
$2,342,130 USD
PRICE/SF
$810 USD /SF
CAP RATE
6.1%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Taco Bell
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
53
LAND DETAILS
LAND ACRES
1.6 AC
LAND SF
69,696 SF
ZONING
C-1
APN/PARCEL ID
13 008 001 40
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605-370-4494
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605-370-4494
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