4842 Lake Michigan Dr - Fast Food FOR SALE


Allendale, MI 49401
$1,607,500 USD
248-702-0288
4842 Lake Michigan Dr, Allendale, MI for Sale
$1,607,500 USD
Fast Food - FOR SALE
1/6
null | 6% Cap Rate

4842 Lake Michigan Dr
Allendale, MI 49401


HIGHLIGHTS

  • Directly Adjacent to Grand Valley State University With Approximately 25,000 Students Enrolled Annually
  • Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities and Over 3 Years Remaining in Term
  • Lease Includes Three Additional Option Periods Through 2042
  • Situated at the Signalized Intersection of Lake Michigan Drive and 48th Avenue - Combined Traffic Counts Exceeding 35,700 VPD
  • Excellent Visibility, Frontage and Signage Along Lake Michigan Drive
  • Easily Accessible With Multiple Points of Access and Equipped With a Convenient Drive-Thru

OVERVIEW

Directly Adjacent to Grand Valley State University With Approximately 25,000 Students Enrolled Annually Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities and Over 3 Years Remaining in Term Lease Supports Two (2), 5-Year Renewal Option Periods Situated at the Signalized Intersection of Lake Michigan Drive and 48th Avenue Which Has Combined Traffic Counts Exceeding 35,700 VPD Excellent Visibility With Frontage and Signage Along Lake Michigan Drive Easily Accessible With Multiple Points of Access and Equipped With a Convenient Drive-Thru Burger King (NYSE:BKC) Has Over 19,380 Locations in More Than 100 Countries | Subsidiary of Restaurant Brands International (NYSE: QSR) Northwind Investments, Inc is the Dominant Burger King Franchisee in Northern Michigan | Operates 22 Burger King Locations and 14 Qdoba Mexican Grill Locations Throughout the State of Michigan Located Within the Grand Rapids MSA | Combined Statistical Area Population of 1,502,552 | Economic and Cultural Hub of West Michigan

FOR SALE DETAILS

PRICE

$1,607,500 USD

PRICE/SF

$536 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

-

APN/PARCEL ID

70-09-25-233-001

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.