Restaurant
Taco John's
4029 32nd Ave, Hudsonville, MI 49426
Listing Price: $2,666,667
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Taco John’s located at 4029 32nd Avenue in Hudsonville, MI. The property consists of approximately 2,106 square feet of space and is situated on approximately 1.56 acres of land. The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases that will be the lesser of the change in CPI or 1.25% annually starting in Year 3. The rental increases will continue through the base term and into the six, five-year tenant renewal options. The lease will carry a guaranty from Meritage Hospitality Group, an experienced 345+ unit operator and the largest franchisee in the Taco John’s system.
Investment Highlights
- Brand New 20-Year Sale-Leaseback
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Listing Price: $2,666,667
Investment Highlights
- Brand New 20-Year Sale-Leaseback
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Taco John’s located at 4029 32nd Avenue in Hudsonville, MI. The property consists of approximately 2,106 square feet of space and is situated on approximately 1.56 acres of land. The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases that will be the lesser of the change in CPI or 1.25% annually starting in Year 3. The rental increases will continue through the base term and into the six, five-year tenant renewal options. The lease will carry a guaranty from Meritage Hospitality Group, an experienced 345+ unit operator and the largest franchisee in the Taco John’s system.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager

