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Taco Bell Drive-Through Restaurant
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510 North Cedar Street, Kalkaska, MI 49646

Built in 2023 and offered with a 15-year NNN lease structure.

Property Size2,346 SF
Price / SF$1,092
Days on Market10

Property Features for 510 North Cedar Street

General Information

Standard status Active
Size 2,346 SF
Property subtype Retail
Occupancy 100%
Lease Type Absolute Net
Investment Type Sale/Leaseback
Net Operating Income $149,862

Building Details

Year Built 2023
Tenancy Single
Listing Agency: Matthews
Listed By: Hudson DeJean · License #SA704485000
Source: Crexi
Added: Aug 12 Changed: Aug 18 Last Checked: Aug 20 at 1:49PM

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 Matthews

Investment Insights

Based on property information with market context.

This Taco Bell drive-through restaurant occupies a 2,346-square-foot building constructed in 2023. The property is offered through a sale-leaseback structure with a 15-year NNN lease and a 5.85% cap rate.

Located at 510 North Cedar Street in Kalkaska, Michigan, the asset provides an established branded restaurant format within a dedicated commercial building.

Key Highlights

  • Taco Bell drive‑through restaurant at 510 North Cedar Street, Kalkaska, MI 49646
  • 2,346‑square‑foot building constructed in 2023
  • 15‑year NNN lease structure

Property Analytics

Current Use

Taco Bell Restaurant

Suggested Use

Top Pick Law Firm Plumbing Service Storage Facility (Bike/Boat/Book/etc) Store Pharmacy Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

346
Businesses Nearby
99k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 57% Dining 42%
Shell Shops & Services
19,946 visits/mo 0.2 miles
Burger King Dining
14,078 visits/mo 0.2 miles
Arby's Dining
10,318 visits/mo 0.3 miles
Taco Bell Dining
9,891 visits/mo 0.1 miles
Dollar General Shops & Services
9,372 visits/mo 0.4 miles

Demographics for 49646, MI

8,582
Population
5,652
Households
1.5
Avg Household Size
45
Median Age
15%
College-Educated
89%
High-School Grad
219.3 sq mi
ZIP Area
39
Density / Sq Mi
$55,188
Median Household Income
$34,834
Median Earnings
$712
Median Rent
$167,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Built in 2023 and offered with a 15-year NNN lease structure.
Where is this drive through restaurant located?
The property is located at 510 North Cedar Street Kalkaska, MI.
What is the asking price?
The asking price for this property is $2,562,000.
What are key features of this property?
This property features: Taco Bell drive‑through restaurant at 510 North Cedar Street, Kalkaska, MI 49646; 2,346‑square‑foot building constructed in 2023; 15‑year NNN lease structure
More about this property
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