Taco Bell Land Lease

Retail-Commercial for Sale
Catylist Listing ID: 30753887
Building Size (RSF): 2,134 SF
Gross Land Area: 0.39 Acres
Sale Price: $1,700,000
Unit Price: $796.63 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Taco Bell
Usable Size (USF): 2,134 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/21/2021

Overview / Comments

This Land Lease property to Taco Bell was established in 1976.
No owner responsibilities. Located in high traffic area next to a McDonalds, near Burger King, Tim Hortons, Kentucky Chicken and other fast food establishments.
Also near Green Acres shopping center.

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Taxing Authority: Saginaw Township
Tax ID/APN: 23-12-4-17-4026-001
Zoning: B-1
Retail Clientele: Family
Property Located Between: Center and Weineke
Property Visibility: Excellent
Largest Nearby Street: Center Rd
Feet of Frontage: 100
Traffic/Vehicle Count: 18,900
Highway Access: State St is also M-58, M-47 to the west.
Airports: MBS
Site Description: Peroperty developed for Taco Bell to their specifications. Original land lease dated July 1976 Land leased by Taco Bell of America Inside or drive thru service.
Area Description: Busy State St corridor for retail, office and general use publi buildings.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,134 SF
Property Condition: Good
Year Built: 1998
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Nicely landscapped with out side parking and drive thru lanes. Extra parking available in the rear
Total Parking Spaces: 35
Parking Type: Surface
Parking Description: No fee parking. Extra space to rear of property for employee parking.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Inside seating and to go counter. Two rest rooms, nice and clean.
Zoning Description: B-1 is a general business location approved for present use along with office buildings
Lot Frontage: 100
Lot Depth: 170
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Land Lease
Legal Description: W 100 FT OF E 388 FTOF S 230 FTOF THE SE 1/4 OF SE 1/4 .53 AC SEC 17 T12N R4E

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,338 72,740 112,799
Median Age: 45.22 39.6 37.88
Households: 4,105 30,630 44,594
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