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Burger King 4065 17 Mile Rd NE 2,860 SF Retail Building Cedar Springs, MI 49319 $2,486,724 ($869.48/SF) 6.35% Cap Rate
Investment Highlights
- Longstanding Operational History and Strong Performance
- Affluent and Growing Suburban Trade Area
- High Traffic Counts and Excellent Visibility
- Long-Term, Absolute Triple Net Lease
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Burger King located at 4065 17 Mile Rd NE, Cedar Springs, MI 49319. The site consists of roughly 2,860 rentable square feet of building space on an estimated 1.63-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 8/30/2024. The current annual rent is $157,907 and has scheduled increases of 2.00% annually starting year 5.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,860 SF
Building Class
C
Year Built
1992
Price
$2,486,724
Price Per SF
$869.48
Cap Rate
6.35%
NOI
$157,907
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.63 AC
Zoning
H-C - Hospitality/Commercial
Frontage
64’ on 17 Mile Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-02-25-300-025 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $541,400 |
Property Taxes
Parcel Number
41-02-25-300-025
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$541,400
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Burger King | 4065 17 Mile Rd NE
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