Offering Memorandum
Property Highlights
- 14 Years Remaining on New 15-Year Lease
- Corporate Guarantee - Fazoli's Group Inc.
- Long Term Operator with Strong Rent to Sales Ratio
- Quick Service Restaurant (QSR) with Drive-Thru
- High Credit National Retailers within 1-Mile Radius of Subject Property
- Located at Highly Trafficked Interchange of I-94 & Downtown Battle Creek
- Price: $1,570,000
- Cap Rate: 5.25%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 1997/2017
- Building SF: 3,626
- Status: Sold
- Guarantor: Fazoli's Group, Inc.