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Listed by Three West, LLC
$ 2,000,000
Est. payment | /mo
3,618 SqFt
$ 2,000,000
Est. payment | /mo
3,618 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,618 sqft
Price per Sqft $552
MLS Listing ID 1950172
Year Built 1999
Lot Size 1.360 Acres
Acres 1.36
Property Sub-Type Retail
Property Description
Three West Commercial is pleased to offer for sale a single-tenant, net-leased Burger King investment at 2500 Crossing Circle in Traverse City, Michigan, priced at $2,000,000 (6.57% CAP). The property will be delivered with a new 12-year triple-net lease at closing, backed by the franchisee who has operated in the Traverse City market since 1973. Situated within the Grand Traverse Crossing retail corridor alongside Walmart, Home Depot, and the Grand Traverse Mall, the asset benefits from a dominant, high-traffic trade area serving Grand Traverse County. With a true NNN structure requiring no landlord management and a long-tenured operator guaranty, this offering presents a rare opportunity to acquire passive, durable income in one of Northern Michigan's strongest retail submarkets
Location
State MI
Interior
Heating Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Asphalt,Membrane
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
Nearby Locations
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Stacy Allman
Broker/Owner Lic# 6502433438