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1158 W Superior St 2,000 SF Retail Building Wayland, MI 49348 $2,877,506 ($1,438.75/SF) 5.50% Cap Rate
Executive Summary
The subject property is a single tenant Taco Bell located at 1158 W Superior Street in Wayland, Michigan.
Located immediately off the US-131 interchange, the property benefits from exceptional visibility and convenient access within Wayland's primary retail corridor. The site is surrounded by a strong concentration of national and regional retailers, including Harding's Market, McDonald's, Burger King, and Jimmy John's, creating a
strategic commercial destination that serves both local residents and interstate travelers. Wayland is located equidistant between the Grand Rapids MSA (±1.1M population, ~30 minutes north) and the Kalamazoo-Portage MSA (±270K population, ~40 minutes south). The trade area carries a median household income of $74,464 and a median age of 34.2 years.
Located immediately off the US-131 interchange, the property benefits from exceptional visibility and convenient access within Wayland's primary retail corridor. The site is surrounded by a strong concentration of national and regional retailers, including Harding's Market, McDonald's, Burger King, and Jimmy John's, creating a
strategic commercial destination that serves both local residents and interstate travelers. Wayland is located equidistant between the Grand Rapids MSA (±1.1M population, ~30 minutes north) and the Kalamazoo-Portage MSA (±270K population, ~40 minutes south). The trade area carries a median household income of $74,464 and a median age of 34.2 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,000 SF
Building Class
B
Year Built
2000
Price
$2,877,506
Price Per SF
$1,438.75
Cap Rate
5.50%
NOI
$158,263
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.38 AC
Frontage
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Dec 2036
Taco Bell began in 1962 when Glen Bell opened the first restaurant in Downey, California, building on earlier taco stands and a background in fast-service restaurant operations. The chain serves Mexican-inspired foods such as tacos, burritos, quesadillas, nachos, and beverages, and its business spans company-operated and franchised restaurants. Taco Bell has grown into a widely recognized quick-service brand with a substantial presence in the United States and in markets outside the country. The company maintains digital ordering, career, and newsroom platforms that support menu launches, brand updates, and franchise-related hiring.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | Dec 2036 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 56-006-053-20 | Improvements Assessment | $276,700 |
| Land Assessment | $196,700 | Total Assessment | $473,400 |
Property Taxes
Parcel Number
56-006-053-20
Land Assessment
$196,700
Improvements Assessment
$276,700
Total Assessment
$473,400
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