Biggby Coffee | 15-Year Lease | Abs. NNN

  • $811,189
3424, Lincoln Road, Hamilton, Michigan
  • Fast Food/Restaurant
  • Property Type
  • Franchisee
  • Guarantee
  • Absolute Triple Net (NNN)
  • Lease Type
  • 7.15%
  • CAP Rate
Featured For Sale Absolute Triple Net (NNN)
Biggby Coffee | 15-Year Lease | Abs. NNN
3424, Lincoln Road, Hamilton, Michigan
  • $811,189

Property Summary

  • Property Size: 1,200 SF
  • Land Area: 0.49 AC
  • Property Type: Fast Food/Restaurant
  • Property Status: For Sale
  • Lease Type: Absolute Triple Net (NNN)
  • Guarantee: Franchisee
  • CAP Rate: 7.15%
  • NOI: $58,000
  • Lease Term: 15 Years

Investment Highlights

LOW RENT TO SALES RATIO | FAST GROWING OPERATOR | STRONG UNIT
  • At the proposed rent the Year 1 Rent to Sales Ratio would be below 8%.
  • Operator in the process of opening multiple other locations
  • Average Biggby Coffee profit margins hover around 13% – much stronger than traditional QSR
STRONG RENTAL INCREASES | NEW 15-YEAR LEASE | ABSOLUTE TRIPLE NET
  • 10% Rental Increases Every 5 Years Provide for a Hedge Against Inflation
  • New 15-Year lease to be Signed at the Close of Escrow
  • Absolute Triple Net Lease Structure to Provide for a Hands-Off Ownership Structure
FEE SIMPLE OWNERSHIP | RECENT FULL REMODEL | STRONG DAILY TRAFFIC COUNTS
  • Both Land and Building are Included in the sale
  • Property was recently remodeled into a Biggby Coffee
  • Clean, low-management asset ideal for passive investors seeking durable income
  • Address 3424 Lincoln Rd, Hamilton, MI
  • State/county Michigan
  • Zip/Postal Code 49419

Similar Listings

The representation contained on this internet page has been secured from sources deemed to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. The information has not been independently verified. Principals are advised to conduct a thorough due diligence review for any potential transaction. Value Net Lease Partners name and logo are used herein for informational purposes only.

Get in Touch with Us

Newsletter

Get customized property and industry insights sent right to your inbox.


© 2024 value net lease. All rights reserved.

Compare listings

Compare
Nick Cartus
  • Nick Cartus