Jimmy John's Sale Lease Back
|Catylist Listing ID:
Free-Standing Building, Street Retail
|Building Size (RSF):
|Gross Building Area:
|Property Use Type:
||Net Leased Investment (NNN)
||Cash to Seller
|Average Occupancy Rate:
Overview / Comments
Colliers International | West Michigan is pleased to present this outstanding investment opportunity to acquire a newly constructed, single tenanted, triple net retail building occupied by a credit worthy tenant. Current ownership owns and operates a compilation of five Jimmy John’s locations in the area with great success. The franchisee is looking to do a 15-year sale leaseback with the terms referenced in the rent roll.
The subject property resides on one of the region’s premiere retail corridors along 28th street. The location boasts an annual average daily traffi c count of nearly 28,000. The property also features excellent visibility, a drive-thru, ample surface parking, as well as being newly constructed in 2015. In addition, the building is currently 100% occupied and tenanted by Jimmy Johns, a national fast food franchise.
||28th Street West
||B2, GENERAL BUSINESS
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