510 N Cedar St - Restaurant FOR SALE
Kalkaska, MI 49646 |
$2,562,000 USD
605-941-3721
510 N Cedar St
Kalkaska, MI 49646
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 multi-unit operator: 7 Bells, LLC (±14 units, 30+ years in Yum! Brands system)
- 2023 construction drive-thru reducing near-term capital expenditure risk
- Signalized intersection of US-131, M-72, and M-66 with ±13,700 VPD
FOR SALE DETAILS
PRICE
$2,562,000 USD
PRICE/SF
$218 USD /SF
CAP RATE
5.85%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Taco Bell
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.51 AC
LAND SF
65,776 SF
ZONING
-
APN/PARCEL ID
041-160-024-00
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605-941-3721
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605-941-3721
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