W 206 US-2 - Fast Food FOR SALE
Saint Ignace, MI 49781 |
$1,855,000 USD
605-941-3721
W 206 US-2
Saint Ignace, MI 49781
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 throughout the primary term
- Experienced multi-unit operator: 7 Bells, LLC with ±14 units and 30+ years in Yum! Brands
- 2022 construction Drive Thru location — modern prototype reducing capex risk
- Located at the north end of Mackinac Bridge — ±11,600 vehicles per day pass-through
FOR SALE DETAILS
PRICE
$1,855,000 USD
PRICE/SF
$716 USD /SF
CAP RATE
5.85%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Taco Bell
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
33
LAND DETAILS
LAND ACRES
1.5 AC
LAND SF
65,153 SF
ZONING
-
APN/PARCEL ID
49008-100-034-17
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605-941-3721
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605-941-3721
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