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Investment Highlights

  • 15-year sale-leaseback with Four, 5-Year options from the Close of Escrow
  • 10% rental increases every 5 years providing steady NOI appreciation
  • 2023 construction drive-thru reducing near-term capital expenditure risk
  • Absolute NNN lease — zero landlord responsibilities for taxes, insurance, CAM, roof/structure
  • Experienced franchisee: 7 Bells, LLC (±14 units) with 30+ years in Yum! Brands system
  • ±38,200 VPD at signalized intersection of Shattuck Rd. and Bay Rd.

Executive Summary

Broker of Record
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,333 SF
Building Class
C
Year Built
1968
Price
$3,570,239 CAD
Price Per SF
$1,530.32 CAD
Cap Rate
5.50%
NOI
$196,390 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.42 AC
Parking
76 Spaces (32.58 Spaces per 1,000 SF Leased)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

Taco Bell began in 1962 when Glen Bell opened the first restaurant in Downey, California, building on earlier taco stands and a background in fast-service restaurant operations. The chain serves Mexican-inspired foods such as tacos, burritos, quesadillas, nachos, and beverages, and its business spans company-operated and franchised restaurants. Taco Bell has grown into a widely recognized quick-service brand with a substantial presence in the United States and in markets outside the country. The company maintains digital ordering, career, and newsroom platforms that support menu launches, brand updates, and franchise-related hiring.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

BIGGBY Coffee
Huntington National Bank
Olive Garden
Jazzercise
Independent Bank
ELGA Credit Union

Property Taxes

Property Taxes

Parcel Number
23-12-4-15-1002-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,089,055 CAD
  • Listing ID: 41723583

  • Date on Market: 2026-08-12

  • Last Updated:

  • Address: 2945 Bay Rd, Saginaw, MI 48603

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