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2500 Crossing Cir
Traverse City, MI 49684
Burger King · Retail Property For Sale
Investment Highlights
- Single-tenant, net-leased Burger King with a new 12-year NNN lease
- High traffic retail hub location
- Franchisee/Operator in Traverse City since 1973
Executive Summary
Three West Commercial is pleased to offer for sale a single-tenant, net-leased Burger King investment at 2500 Crossing Circle in Traverse City, Michigan, priced at $2,000,000 (6.57% CAP). The property will be delivered with a new 12-year triple-net lease at closing, backed by the franchisee who has operated in the Traverse City market since 1973. Situated within the Grand Traverse Crossing retail corridor alongside Walmart, Home Depot, and the Grand Traverse Mall, the asset benefits from a dominant, high-traffic trade area serving Grand Traverse County. With a true NNN structure requiring no landlord management and a long-tenured operator guaranty, this offering presents a rare opportunity to acquire passive, durable income in one of Northern Michigan's strongest retail submarkets
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,618 SF
Building Class
C
Year Built/Renovated
1999/2018
Price
$2,757,880 CAD
Price Per SF
$762.27 CAD
Cap Rate
6.57%
NOI
$181,193 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.36 AC
Opportunity Zone
Yes
Zoning
PUD
Parking
50 Spaces (13.82 Spaces per 1,000 SF Leased)
Frontage
136’ on Crossing Circle
Amenities
- Restaurant
- Drive Thru
Property Taxes
| Parcel Number | 05-022-009-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $719,117 CAD |
Property Taxes
Parcel Number
05-022-009-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$719,117 CAD
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