NNN Restaurant
For Lease
$2,223,262 NNN
1014 Michigan St NE, Grand Rapids, MI 49503
Freestanding quick-service restaurant leased under a long-term triple-net structure with tenant-paid property expenses.
Space SizeContact for details
Property Size2,690 SF
Lot Size0.65 Acres
Days on Market109
Property Features for 1014 Michigan St NE
General Information
Standard status
Active
Size
2,690 SF
Lot size
0.65 Acres
Property subtype
Retail
Net Operating Income
$144
Additional Details
Space Use
Restaurant
Building Details
Year Built
1998
Building Size
2,690 SF
Listing Agency:
Fortis Net Lease
(248) 254-3406
Listed By:
Robert Bender · License #6501323470
Source:
Fortisnetlease
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 2:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
Investment Insights
Based on property information with market context.
This freestanding NNN property contains a 2,690-square-foot Taco Bell restaurant on a 0.65-acre parcel. Constructed in 1998, the building is leased under a 20-year triple-net agreement, with the tenant responsible for taxes, insurance, and maintenance.
The property is located at 1014 Michigan St NE in Grand Rapids, Michigan, along a dense retail and commercial corridor. Its urban setting and position on Michigan St NE provide established access within a high-traffic commercial area. The lease structure places ongoing property expenses with the tenant and supports a streamlined ownership profile.
The property is located at 1014 Michigan St NE in Grand Rapids, Michigan, along a dense retail and commercial corridor. Its urban setting and position on Michigan St NE provide established access within a high-traffic commercial area. The lease structure places ongoing property expenses with the tenant and supports a streamlined ownership profile.
Key Highlights
- 2,690‑square‑foot freestanding restaurant building
- 0.65‑acre parcel at 1014 Michigan St NE
- 20‑year triple‑net lease structure
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
172k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 40%
Home Improvements & Furnishings 7%
Apparel 5%
Speedway
Shops & Services
27,071 visits/mo
0.2 miles
Starbucks
Dining
18,679 visits/mo
0.2 miles
Shell
Shops & Services
18,078 visits/mo
0.3 miles
Wendy's
Dining
16,215 visits/mo
0.1 miles
Taco Bell
Dining
15,532 visits/mo
0.0 miles
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding quick-service restaurant leased under a long-term triple-net structure with tenant-paid property expenses.
Where is this nnn property located?
The property is located at 1014 Michigan St NE Grand Rapids, MI.
What is the lease rate?
The lease rate is $2,223,262.
What are key features of this property?
This property features: 2,690‑square‑foot freestanding restaurant building; 0.65‑acre parcel at 1014 Michigan St NE; 20‑year triple‑net lease structure
