Taco Bell

Grand Rapids is a city and county seat of Kent County in the U.S. state of Michigan. At the 2020 census, the city had a population of 198,893 which ranks it as the second most-populated city in the state after Detroit. Grand Rapids is the central city of the Grand Rapids metropolitan area, which has a population of 1,087,592 and a combined statistical area population of 1,383,918. Situated along the Grand River approximately 25 miles (40 km) east of Lake Michigan, it is the economic and cultural hub of West Michigan, as well as one of the fastest-growing cities in the Midwest. A historic furniture manufacturing center, Grand Rapids is home to five of the world's leading office furniture companies and is nicknamed "Furniture City". Other nicknames include "River City" and more recently, "Beer City" (the latter given by USA Today and adopted by the city as a brand). The city and surrounding communities are economically diverse, based in the health care, information technology, automotive, aviation, and consumer goods manufacturing industries, among others.Fortis Net Lease is pleased to present a freestanding Taco Bell located at 1014 Michigan St NE in Grand Rapids, Michigan, secured by a long-term 20-year triple net (NNN) lease. The NNN structure ensures a passive investment profile, with the tenant responsible for all property expenses including taxes, insurance, and maintenance. The property consists of a 2,690 square foot building positioned on a 0.65-acre parcel, offering efficient site utilization along a well-trafficked urban corridor. Backed by a nationally recognized quick-service restaurant brand, the asset benefits from strong consumer demand and established brand loyalty. The property generates a current net operating income (NOI) of $144,512, providing investors with a stable and predictable income stream. Its location along Michigan Street NE places it within a dense retail and commercial area, supporting consistent traffic and tenant performance. While specific rent escalations and renewal options are not outlined, the long-term lease term offers security and minimizes near-term rollover risk. This investment is well-suited for buyers seeking durable cash flow with minimal management responsibilities in a strong regional market.