1014 Michigan St NE Local commercial 250 m² À vendre Grand Rapids, MI 49503 1 915 073 € (7 663,08 €/m²) Taux de capitalisation 6,50 %

Fortis Net Lease is pleased to present a freestanding Taco Bell located at 1014 Michigan St NE in Grand Rapids, Michigan, secured by a long-term 20-year triple net (NNN) lease. The NNN structure ensures a passive investment profile, with the tenant responsible for all property expenses including taxes, insurance, and maintenance. The property
consists of a 2,690 square foot building positioned on a 0.65-acre parcel, offering efficient site utilization along a well-trafficked urban corridor. Backed by a nationally recognized quick-service restaurant brand, the asset benefits from strong consumer demand and established brand loyalty.
The property generates a current net operating income (NOI) of $144,512, providing investors with a stable and predictable income stream. Its location along Michigan
Street NE places it within a dense retail and commercial area, supporting consistent traffic and tenant performance. While specific rent escalations and renewal options are
not outlined, the long-term lease term offers security and minimizes near-term rollover risk. This investment is well-suited for buyers seeking durable cash flow with minimal
management responsibilities in a strong regional market.