Restaurant
2750 E Beltline Ave SE
2750 E Beltline Ave SE, Grand Rapids, MI 49546
Listing Price: $3,076,900
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.
2750 E Beltline Ave SE
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
Listing Price: $3,076,900
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.
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