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2945 Bay Rd
Saginaw, MI 48603
Taco Bell · Retail Property For Sale
Investment Highlights
- 15-year sale-leaseback with Four, 5-Year options from the Close of Escrow
- 10% rental increases every 5 years providing steady NOI appreciation
- 2023 construction drive-thru reducing near-term capital expenditure risk
- Absolute NNN lease — zero landlord responsibilities for taxes, insurance, CAM, roof/structure
- Experienced franchisee: 7 Bells, LLC (±14 units) with 30+ years in Yum! Brands system
- ±38,200 VPD at signalized intersection of Shattuck Rd. and Bay Rd.
Executive Summary
Broker of Record
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,333 SF
Building Class
C
Year Built
1968
Price
$2,561,000
Price Per SF
$1,097.73
Cap Rate
5.50%
NOI
$140,874
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.42 AC
Parking
76 Spaces (32.58 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 23-12-4-15-1002-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $781,200 |
Property Taxes
Parcel Number
23-12-4-15-1002-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$781,200
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