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1014 Michigan St NE
Grand Rapids, MI 49503
Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 20-year triple net (NNN) lease providing passive, management-free income
- Strong annual NOI of $144,512 ensuring reliable cash flow
- Located along Michigan St NE in a dense retail and commercial corridor
- Leased to Taco Bell, a nationally recognized quick-service restaurant brand
- Freestanding 2,690 SF building on a 0.65-acre lot
- Tenant responsible for taxes, insurance, and maintenance
Résumé de l'annonce
Fortis Net Lease is pleased to present a freestanding Taco Bell located at 1014 Michigan St NE in Grand Rapids, Michigan, secured by a long-term 20-year triple net (NNN) lease. The NNN structure ensures a passive investment profile, with the tenant responsible for all property expenses including taxes, insurance, and maintenance. The property
consists of a 2,690 square foot building positioned on a 0.65-acre parcel, offering efficient site utilization along a well-trafficked urban corridor. Backed by a nationally recognized quick-service restaurant brand, the asset benefits from strong consumer demand and established brand loyalty.
The property generates a current net operating income (NOI) of $144,512, providing investors with a stable and predictable income stream. Its location along Michigan
Street NE places it within a dense retail and commercial area, supporting consistent traffic and tenant performance. While specific rent escalations and renewal options are
not outlined, the long-term lease term offers security and minimizes near-term rollover risk. This investment is well-suited for buyers seeking durable cash flow with minimal
management responsibilities in a strong regional market.
consists of a 2,690 square foot building positioned on a 0.65-acre parcel, offering efficient site utilization along a well-trafficked urban corridor. Backed by a nationally recognized quick-service restaurant brand, the asset benefits from strong consumer demand and established brand loyalty.
The property generates a current net operating income (NOI) of $144,512, providing investors with a stable and predictable income stream. Its location along Michigan
Street NE places it within a dense retail and commercial area, supporting consistent traffic and tenant performance. While specific rent escalations and renewal options are
not outlined, the long-term lease term offers security and minimizes near-term rollover risk. This investment is well-suited for buyers seeking durable cash flow with minimal
management responsibilities in a strong regional market.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Restauration rapide
Taille du bâtiment
2 690 pi²
Classe d’immeuble
C
Année de construction
1991
Prix
3 051 383 $ CAD
Prix par pi²
1 134,34 $ CAD
Taux de capitalisation
6,50%
Revenu net d’exploitation
198 340 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,10
Taille du lot
0,65 AC
Zonage
TN-TBA
Stationnement
28 places (10,41 places par 1 000 pi² loué)
Façade
77’ sur Michigan St
Commodités
- Enseigne sur pylône
- Service au volant
Impôts fonciers
| Numéro de lot | 41-14-29-126-005 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 848 467 $ CAD |
Impôts fonciers
Numéro de lot
41-14-29-126-005
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
848 467 $ CAD
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