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Burger King 4065 17 Mile Rd NE 2,860 SF Retail Building Cedar Springs, MI 49319 $3,471,268 CAD ($1,213.73 CAD/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Longstanding Operational History and Strong Performance
- Affluent and Growing Suburban Trade Area
- High Traffic Counts and Excellent Visibility
- Long-Term, Absolute Triple Net Lease
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Burger King located at 4065 17 Mile Rd NE, Cedar Springs, MI 49319. The site consists of roughly 2,860 rentable square feet of building space on an estimated 1.63-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 $157,907 and has scheduled increases of 2.00% annually starting year 5.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,860 SF
Building Class
C
Year Built
1992
Price
$3,471,268 CAD
Price Per SF
$1,213.73 CAD
Cap Rate
6.35%
NOI
$220,426 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.63 AC
Zoning
H-C - Hospitality/Commercial
Frontage
64’ on 17 Mile Rd
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41-02-25-300-025 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $764,105 CAD |
PROPERTY TAXES
Parcel Number
41-02-25-300-025
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$764,105 CAD
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Burger King | 4065 17 Mile Rd NE
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