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

$2,342,130 USD

Freestanding For Sale  •  2,892 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 2,892 SF
  • Lot Size 1.6 AC
  • Building Class C
  • Year Built 2020
  • Cap Rate 6.10 %
  • Tenancy Single
  • Zoning C-1
0 Transit Score
25 Walk Score

Highlights

15-YEAR SALE LEASEBACK – Long term sale leaseback opportunity commencing at the Close of Escrow.
ZERO LANDLORD RESPONSIBILITIES – The current lease is Absolute NNN, which means the tenant is responsible for taxes, insurance, CAM, and maintenance
ATTRACTIVE RENT INCREASES – The lease is subject to 10% rent increases every 5 years throughout the base term and option periods
FRANCHISEE OVERVIEW – BELLS AND BIRDS, INC.
EXPERIENCED LOCAL OPERATOR – Bells and Birds, Inc, is an experienced Michigan based quick service restaurant operator with over 30 years of experience
STRONG 47 UNIT GUARANTEE – The lease is guaranteed by 47 units.
Cap Rate: 6.10 %

Amenities

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

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 53
Type: Surface
Included in Rent: Yes
Haidyn DeJean 605-370-4494 Matthews Real Estate Investment Services
Haidyn DeJean 605-370-4494 Matthews Real Estate Investment Services