About 2500 Crossing Circle
Three West Commercial is pleased to offer for sale a single-tenant, net-leased Burger King investment at 2500 Crossing Circle in Traverse City, Michigan, priced at $2,000,000 (6.57% CAP). The property will be delivered with a new 12-year triple-net lease at closing, backed by the franchisee who has operated in the Traverse City market since 1973. Situated within the Grand Traverse Crossing retail corridor alongside Walmart, Home Depot, and the Grand Traverse Mall, the asset benefits from a dominant, high-traffic trade area serving Grand Traverse County. With a true NNN structure requiring no landlord management and a long-tenured operator guaranty, this offering presents a rare opportunity to acquire passive, durable income in one of Northern Michigan's strongest retail submarkets
Features of 2500 Crossing Circle
| MLS® # | 1950172 |
|---|---|
| Price | $2,000,000 |
| Square Footage | 3,618 |
| Acres | 1.36 |
| Year Built | 1999 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 2500 Crossing Circle |
|---|---|
| Subdivision | None |
| City | Traverse City |
| County | Grand Traverse |
| State | MI |
| Zip Code | 49684 |
Amenities
| Parking | Paved, Parking Lot |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Has Basement | No |
| Fireplace | No |
Exterior
| Lot Description | Shopping Center, Freestanding |
|---|---|
| Roof | Asphalt, Membrane |
| Construction | Block, Brick |
| Foundation | Slab |
Additional Information
| Days on Market | 3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
Listing Details
| Office | Three West, LLC |
|---|