261 S State St - Fast Food FOR SALE


Zeeland, MI 49464
$2,781,936 USD
203-253-9455
261 S State St, Zeeland, MI for Sale
$2,781,936 USD
Fast Food - FOR SALE
1/3
null | 6.35% Cap Rate

261 S State St
Zeeland, MI 49464


HIGHLIGHTS

  • Growing Operator
  • Long-Term Operating History
  • Strong Visibility & Traffic Counts
  • Dense Industrial Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for a Burger King located at 261 S State St, Zeeland, MI 49464. The site consists of roughly 1,760 rentable square feet of building space on an estimated 1.56-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 $176,653 and has scheduled increases of 2.00% annually commencing in 2030.

FOR SALE DETAILS

PRICE

$2,781,936 USD

PRICE/SF

$1,581 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

196 Bl

LAND ACRES

1.56 AC

LAND SF

68,141 SF

ZONING

C-3

APN/PARCEL ID

70-17-19-151-032,70-17-19-151-033

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.