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Burger King 261 S State St 1,760 SF Retail Building Zeeland, MI 49464 $3,881,357 CAD ($2,205.32 CAD/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Growing Operator
- Strong Visibility & Traffic Counts
- Long-Term Operating History
- Dense Industrial Corridor
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Burger King located at 261 S State St, Zeeland, MI 49464. The site consists of roughly 1,760 rentable square feet of building space on an estimated 1.56-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 8/30/2024. The current annual rent is $176,653 and has scheduled increases of 2.00% annually commencing in 2030.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,760 SF
Building Class
C
Year Built/Renovated
1990/2012
Price
$3,881,357 CAD
Price Per SF
$2,205.32 CAD
Cap Rate
6.35%
NOI
$246,466 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.56 AC
Zoning
C-3 - Commercial
Frontage
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $1,137,043 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,137,043 CAD
CONTACTS
-
Edward Otocka -
Patrick Finn -
Joseph Kelly -
Glen Kunofsky -
Christopher Marks -
Surmount
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Burger King | 261 S State St
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