ABSOLUTE NET LEASE | ZERO LANDLORD RESPONSIBILITIES
- Tenant directly pays for common area maintenance, taxes, and insurance.
- Landlord has zero responsibilities.
- Tenant is responsible for roof, structure, parking lot, and all aspects of the property.
- Perfect investment for the management free, passive investor.
NEW 20 YR SALE LEASEBACK | FRANCHISEE CREDIT | RENT BUMPS
- Bells & Birds, Inc. will sign a new 20 year lease with four (4) five (5) year options with rent commencing upon closing.
- 10% rent bumps every 5 years during the primary term and each option period.
- Bells & Birds, Inc. has been operating Yum! Brands for 13 years.
LOCATED ON PROMINENT CORRIDOR | DENSE RETAIL INFILL LOCATION
- Store was recently remodeled.
- M-32 is the main retail corridor in Gaylord, MI.
- The thoroughfare consists of five lanes and has 16,632 vpd.
- Retailers on M-32 include Walmart, Lowe’s, Home Depot, Dunham’s, Family Farm & Home, Ulta, TJ Maxx, Hobby Lobby, Gordon Food Service, Kohl’s, Meijer, and Family Fare Supermarket.
- The property is situated nearby other QSR’s such as McDonald’s, Burger King, Wendy’s, and Arby’s making this a destination for their customer base.