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Restaurant

2750 E Beltline Ave SE

2750 E Beltline Ave SE, Grand Rapids, MI 49546

Listing Price: $3,076,900

Cap Rate
4.55%
Tenant Name
Chick-fil-A
Years Remaining On Lease
13.2
Gross SF
4,850
Guarantor
Corporate Guarantee
Rentable SF
4,850
Price/Gross SF
$634.41
Lease Type
NNN Ground Lease
Rent Per Square Feet
$28.87

Investment Overview

Nestled in a prime retail location, this ground leased Double Drive-Thru Chick-fil-A boasts 13 years remaining on the lease with 10% rent increases every 5 years, offering investors a secure income stream. Situated at a high-traffic 4-way intersection with 65,900 vehicles passing daily, this property provides long-term stability. Conveniently placed across from the bustling Woodland Mall, the property benefits from proximity to major retailers such as Macy’s and JCPenney. Additionally, its positioned as an outparcel to The Shops at Centerpoint a 575,000 SF, Best in Class, Open Air Power Center, Offering Shopping, Restaurants, Entertainment and Fitness Options With a corporate guarantee from Chick-fil-A Inc., boasting over 3,000 locations nationwide, this investment offers a reliable income source.

Investment Highlights

  • Passive Income —- Ground Leased Double Drive-Thru Chick-fil-A Located at the Heavily Trafficked, 4-Way, Signalized Intersection of E Beltline Avenue SE and 28th Street SE with a Combined 65,900 VPD
  • Lease Term —- Lease Features 13 Years Remaining on the Base Term with Attractive 10% Rent Increases Every 5-Years as a Hedge Against Inflation Providing Investors Long Term Security
  • Highly Active Retail Corridor —- Subject Property is Strategically Located Across From Woodland Mall, a 1.1 Million SF Enclosed Super-Regional Shopping Mall with Over 100 Tenants Including Macy's, JCP
  • Shopping Center Out Parcel —- This Chick-fil-A is Positioned as an Out-parcel to The Shops at Centerpoint, a 575,000 SF, Best in Class, Open Air Power Center, Offering Shopping, Restaurants, Entertainment and Fitness Options
  • Grand Rapids MSA —- Subject Property is Strategically Located In the Grand Rapids MSA - the 2nd Most Populous Area in the State of Michigan with More Than 1.1 Million Residents

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Restaurant

2750 E Beltline Ave SE

Listing Price: $3,076,900

Cap Rate
4.55%
Tenant Name
Chick-fil-A
Years Remaining On Lease
13.2
Gross SF
4,850
Guarantor
Corporate Guarantee
Rentable SF
4,850
Price/Gross SF
$634.41
Lease Type
NNN Ground Lease
Rent Per Square Feet
$28.87

Investment Highlights

  • Passive Income —- Ground Leased Double Drive-Thru Chick-fil-A Located at the Heavily Trafficked, 4-Way, Signalized Intersection of E Beltline Avenue SE and 28th Street SE with a Combined 65,900 VPD
  • Lease Term —- Lease Features 13 Years Remaining on the Base Term with Attractive 10% Rent Increases Every 5-Years as a Hedge Against Inflation Providing Investors Long Term Security
  • Highly Active Retail Corridor —- Subject Property is Strategically Located Across From Woodland Mall, a 1.1 Million SF Enclosed Super-Regional Shopping Mall with Over 100 Tenants Including Macy's, JCP
  • Shopping Center Out Parcel —- This Chick-fil-A is Positioned as an Out-parcel to The Shops at Centerpoint, a 575,000 SF, Best in Class, Open Air Power Center, Offering Shopping, Restaurants, Entertainment and Fitness Options
  • Grand Rapids MSA —- Subject Property is Strategically Located In the Grand Rapids MSA - the 2nd Most Populous Area in the State of Michigan with More Than 1.1 Million Residents

Investment Overview

Nestled in a prime retail location, this ground leased Double Drive-Thru Chick-fil-A boasts 13 years remaining on the lease with 10% rent increases every 5 years, offering investors a secure income stream. Situated at a high-traffic 4-way intersection with 65,900 vehicles passing daily, this property provides long-term stability. Conveniently placed across from the bustling Woodland Mall, the property benefits from proximity to major retailers such as Macy’s and JCPenney. Additionally, its positioned as an outparcel to The Shops at Centerpoint a 575,000 SF, Best in Class, Open Air Power Center, Offering Shopping, Restaurants, Entertainment and Fitness Options With a corporate guarantee from Chick-fil-A Inc., boasting over 3,000 locations nationwide, this investment offers a reliable income source.

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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