715 W Norton Ave - Fast Food FOR SALE


Muskegon, MI 49441- Norton Shores
$1,684,210 USD
248-702-0288
715 W Norton Ave, Muskegon, MI for Sale
$1,684,210 USD
Fast Food - FOR SALE
1/5
null | 4.75% Cap Rate

715 W Norton Ave
Muskegon, MI 49441
Norton Shores


HIGHLIGHTS

  • Absolute NNN Lease - Zero Landlord Responsibilities - Tenant is Responsible for All Taxes, Insurance, Maintenance and Management on the Building
  • 18 Years Remaining on a Lease Equipped with 4, Five Year Options to Renew
  • 8% Rental Increases in the Initial Term and All Options - Inflationary Resistant Lease
  • Popeyes Louisiana Kitchen is the Second Largest QSR Chicken Restaurant Group with 3,400+ Locations in More than 40 States and 30 Countries Worldwide
  • Drive Thru Equipped Location - Excellent Signage, Ingress and Egress on W Norton Ave.
  • Strong QSR Demographics

OVERVIEW

Absolute NNN Lease - Zero Landlord Responsibilities - Tenant is Responsible for All Taxes, Insurance, Maintenance and Management on the Building 18 Years Remaining on a Lease Equipped with 4, Five Year Options to Renew 8% Rental Increases in the Initial Term and All Options - Inflationary Resistant Lease Popeyes Louisiana Kitchen is the Second Largest QSR Chicken Restaurant Group with 3,400+ Locations in More than 40 States and 30 Countries Worldwide Drive Thru Equipped Location - Excellent Signage, Ingress and Egress on W Norton Ave Surrounded by National Retailers Such as Meijer, Walmart Supercenter, Home Depot, Aldi, CVS, Walgreens, Advance Auto Parts, O'Reilly, McDonald's, Taco Bell, Tim Hortons KFC, Burger King, Jimmy John's, Chipotle Mexican Grill and Many More Strong QSR Demographics

FOR SALE DETAILS

PRICE

$1,684,210 USD

PRICE/SF

$656 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeye's Louisiana Kitchen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

CROSS STREETS

Norton Ave. and Henry Street

LAND ACRES

0.68 AC

LAND SF

29,620 SF

ZONING

C-2

APN/PARCEL ID

27-107-100-0004-00

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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