715 Norton Ave, Muskegon, MI 49441
2,541 SF | Retail Building | Muskegon, MI 49441 | $1,684,210 ($663/SF) | 4.75% Cap Rate
For Sale
Active
Asking Price $1,684,210
- Property Type
-
Retail
- Square Feet
- 2,541 SF
- Price / Square Foot
- $663
Listing Contacts
- Property Info
Property Overview
Absolute NNN Lease - Zero Landlord Responsibilities - Tenant is Responsible for All Taxes, Insurance, Maintenance and Management on the Building
18 Years Remaining on a Lease Equipped with 4, Five Year Options to Renew
8% Rental Increases in the Initial Term and All Options - Inflationary Resistant Lease
Popeyes Louisiana Kitchen is the Second Largest QSR Chicken Restaurant Group with 3,400+ Locations in More than 40 States and 30 Countries Worldwide
Drive Thru Equipped Location - Excellent Signage, Ingress and Egress on W Norton Ave
Surrounded by National Retailers Such as Meijer, Walmart Supercenter, Home Depot, Aldi, CVS, Walgreens, Advance Auto Parts, O'Reilly, McDonald's, Taco Bell, Tim Hortons KFC, Burger King, Jimmy John's, Chipotle Mexican Grill and Many More
Strong QSR Demographics
18 Years Remaining on a Lease Equipped with 4, Five Year Options to Renew
8% Rental Increases in the Initial Term and All Options - Inflationary Resistant Lease
Popeyes Louisiana Kitchen is the Second Largest QSR Chicken Restaurant Group with 3,400+ Locations in More than 40 States and 30 Countries Worldwide
Drive Thru Equipped Location - Excellent Signage, Ingress and Egress on W Norton Ave
Surrounded by National Retailers Such as Meijer, Walmart Supercenter, Home Depot, Aldi, CVS, Walgreens, Advance Auto Parts, O'Reilly, McDonald's, Taco Bell, Tim Hortons KFC, Burger King, Jimmy John's, Chipotle Mexican Grill and Many More
Strong QSR Demographics
Property Details
- Class
- C
- Year Built/Renovated
- 1988/2020
- Stories
- 1
- Lot Size (sq. ft)
- 29,621 SF
Highlights
- Absolute NNN Lease - Zero Landlord Responsibilities - Tenant is Responsible for All Taxes, Insurance, Maintenance and Management on the Building
- 18 Years Remaining on a Lease Equipped with 4, Five Year Options to Renew
- 8% Rental Increases in the Initial Term and All Options - Inflationary Resistant Lease
- Popeyes Louisiana Kitchen is the Second Largest QSR Chicken Restaurant Group with 3,400+ Locations in More than 40 States and 30 Countries Worldwide
- Drive Thru Equipped Location - Excellent Signage, Ingress and Egress on W Norton Ave.
- Strong QSR Demographics
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