This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

942 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Taco Bell 220th Avenue & US-10 R25

2,892 SF Retail Building Reed City, MI 49677 £1,832,600 (£634/SF) 6.10% Net Initial Yield

Investment Highlights

  • 15-YEAR SALE LEASEBACK – Long term sale leaseback opportunity commencing at the Close of Escrow.
  • ATTRACTIVE RENT INCREASES – The lease is subject to 10% rent increases every 5 years throughout the base term and option periods
  • EXPERIENCED LOCAL OPERATOR – Bells and Birds, Inc, is an experienced Michigan based quick service restaurant operator with over 30 years of experience
  • ZERO LANDLORD RESPONSIBILITIES – The current lease is Absolute NNN, which means the tenant is responsible for taxes, insurance, CAM, and maintenance
  • FRANCHISEE OVERVIEW – BELLS AND BIRDS, INC.
  • STRONG 47 UNIT GUARANTEE – The lease is guaranteed by 47 units.

Executive Summary

Broker of Record
Matt Fitzgerald
License No. 6505432273 (MI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,892 SF
Building Class
C
Year Built
2020
Price
£1,832,600
Price Per SF
£634
Net Initial Yield
6.10%
NOI
£111,789
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
1.60 AC
Zoning
C-1 - Commercial
Parking
53 Spaces (15.91 Spaces per 1,000 SF Leased)
Frontage
131 ft on South 220th Avenue

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

Links

1 of 1

PROPERTY TAXES

Parcel Number 13 008 001 40 Improvements Assessment £0
Land Assessment £0 Total Assessment £22,378

PROPERTY TAXES

Parcel Number
13 008 001 40
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£22,378
(605) 370-4494

Contacts

  • Listing ID: 33314356

  • Date on Market: 26/09/2024

  • Last Updated:

  • Address: 220th Avenue & US-10 R25, Reed City, MI 49677

The Retail Property at 220th Avenue & US-10 R25, Reed City, MI 49677 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

Nearby Listings

1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/4
220th Avenue & US-10 R25, Reed City, MI for sale Building Photo- Image 1 of 4
taco bell1 wm
220th Avenue & US-10 R25, Reed City, MI for sale Building Photo- Image 2 of 4
taco bell wm
220th Avenue & US-10 R25, Reed City, MI for sale Building Photo- Image 3 of 4
taco bell map wm

1 of 1

Connect with us

© 2024 CoStar Group

Taco Bell | 220th Avenue & US-10 R25
(605) 370-4494 x

Taco Bell | 220th Avenue & US-10 R25

1/2

Haidyn DeJean

(605) 370-4494

(605) 370-4494

Simon Assaf

(909) 800-7139

(909) 800-7139

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link