Single-Tenant Burger King NNN
New
For Sale
$2,000,000
2500 Crossing Cir, Traverse City, MI 49684
Restaurant property supported by a new triple-net lease at closing.
Property SizeContact for details
Days on Market2
Property Features for 2500 Crossing Cir
General Information
Standard status
Active
Property subtype
Commercial
Financials
Asking Price
$2,000,000
Cap Rate
6.57%
Building Details
Year Built
1999
Tenancy
Single
Listing Agency:
Three West LLC
Listed By:
Kevin L Endres · License #6505352968
(231) 534-5225
Source:
Elliman
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 5 at 10:03AM
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 Three West LLC
Investment Insights
Based on property information with market context.
This single-tenant Burger King property was built in 1999 and is structured for a new 12-year triple-net lease at closing. The lease is backed by the franchisee, which has operated in the Traverse City market since 1973, providing an established operating history for the site.
The property is located at 2500 Crossing Circle in Traverse City, Michigan, within the Grand Traverse Crossing retail corridor. Walmart, Home Depot, and the Grand Traverse Mall are identified as neighboring retail anchors. The site serves the Grand Traverse County market and is rated car-dependent, with a Walk Score of 20 and a Bike Score of 30.
The property is located at 2500 Crossing Circle in Traverse City, Michigan, within the Grand Traverse Crossing retail corridor. Walmart, Home Depot, and the Grand Traverse Mall are identified as neighboring retail anchors. The site serves the Grand Traverse County market and is rated car-dependent, with a Walk Score of 20 and a Bike Score of 30.
Key Highlights
- New 12‑year triple‑net lease at closing
- Single‑tenant Burger King property built in 1999
- 6.57% CAP rate
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
526k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 41%
Shops & Services 17%
Apparel 15%
Home Improvements & Furnishings 12%
Walmart
Superstores
110,473 visits/mo
0.3 miles
Target
Superstores
104,507 visits/mo
0.2 miles
Dunham's Sports
Apparel
35,929 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
35,694 visits/mo
0.1 miles
Dollar Tree
Shops & Services
31,789 visits/mo
0.1 miles
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Restaurant property supported by a new triple-net lease at closing.
Where is this nnn property located?
The property is located at 2500 Crossing Cir Traverse City, MI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: New 12‑year triple‑net lease at closing; Single‑tenant Burger King property built in 1999; 6.57% CAP rate
