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
- Quick Service Restaurant (QSR) with Drive-Thru
- Outparcel to Meijer, Midwest Powerhouse Regional Retailer
- Subject Meijer Ranks in 93rd Percentile Among all Michigan Grocers
- Proximity to Downtown Grand Rapids/Grand Rapids MSA
- Price: $1,550,000
- Cap Rate: 5.25%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 1998/2017
- Building SF: 3,627
- Status: Sold
- Guarantor: Fazoli's Group, Inc.