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Taco Bell 4861 220th Ave 2,892 SF Retail Building Reed City, MI 49677 $3,560,802 CAD ($1,231.26 CAD/SF) 5.67% Cap Rate
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 multi-unit operator: 7 Bells, LLC (±14 units, 30+ years in Yum! Brands system)
- Signalized intersection of US-131, M-72, and M-66 with heavy pass-through traffic
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
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
Fast Food
Building Size
2,892 SF
Building Class
B
Year Built
2021
Price
$3,560,802 CAD
Price Per SF
$1,231.26 CAD
Cap Rate
5.67%
NOI
$201,941 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.60 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 13 008 002 02 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $757,976 CAD |
Property Taxes
Parcel Number
13 008 002 02
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$757,976 CAD
Contacts
-
Hudson DeJean -
Haidyn DeJean -
Alex DeSoto -
Simon Assaf -
Matthews Real Estate Investment Services
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Videos
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Photos
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Presented by
Taco Bell | 4861 220th Ave
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