Qdoba NNN Property For Sale — Grand Rapids, MI
3225 Alpine Avenue NW, Grand Rapids, MI 49544
This is an exceptional opportunity to acquire a corporately guaranteed Qdoba property within the bustling Grand Rapids MSA. Strategically positioned on Alpine Avenue, a high-traffic thoroughfare, this location demonstrates strong performance, evidenced by the tenant's recent lease renewal. The property features an absolute triple net lease, ensuring no landlord responsibilities, and includes a 15% rental escalation in the renewal option period. Qdoba, a prominent fast-casual Fresh Mex restaurant chain with over 600 locations, is a wholly owned subsidiary of Jack in the Box, a publicly traded company with a significant market capitalization. The property benefits from its prime retail location, surrounded by national retailers and excellent visibility, with traffic counts exceeding 50,000…
- Address: 3225 Alpine Avenue NW, Grand Rapids, MI 49544
- Asking price $1.12M
- 7.10% cap rate
- NOI $79,350
- 5 years remaining
- NNN lease
Asset type: Quick Service Restaurant