2945 Bay Rd - Restaurant FOR SALE
Saginaw, MI 48603 |
$2,561,000 USD
605-941-3721
2945 Bay Rd
Saginaw, MI 48603
HIGHLIGHTS
- 15-year sale-leaseback with Four, 5-Year options from the Close of Escrow
- Absolute NNN lease — zero landlord responsibilities for taxes, insurance, CAM, roof/structure
- 10% rental increases every 5 years providing steady NOI appreciation
- Experienced franchisee: 7 Bells, LLC (±14 units) with 30+ years in Yum! Brands system
- 2023 construction drive-thru reducing near-term capital expenditure risk
- ±38,200 VPD at signalized intersection of Shattuck Rd. and Bay Rd.
FOR SALE DETAILS
PRICE
$2,561,000 USD
PRICE/SF
$343 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Taco Bell
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1968
SPRINKLERS
-
PARKING SPACES
76
LAND DETAILS
LAND ACRES
1.42 AC
LAND SF
61,855 SF
ZONING
-
APN/PARCEL ID
23-12-4-15-1002-001
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605-941-3721
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605-941-3721
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