10533 Gratiot Ave

10533 Gratiot Ave , Detroit, Michigan, 48213 | 1,344 sq.f | $ 1,250,000

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About This Restaurant

Investment Highlights

Tenant has 20-year lease at $4,583 per month with increases and four (4) 5-year extensions, which sits on Parcel A. Sale Price: $1,250,000 ($930.06/sq ft). Parcel B is 1.15 acres (141' frontage).

Executive Summary

Tenant has 20-year lease at $4,583 per month with increases and four (4) 5-year extensions, which sits on Parcel A. Parcel B is 1.15 acres (141' frontage). See survey on flyer.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Fast Food
  • Building Size    1,344
  • Building Class    C
  • Year Built    2013
  • Price    1,250,000
  • Price Per SF    930
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.02
  • Land Acres    1.94 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Property Taxes

Parcel Number 17-000735-001 Improvements Assessment $0
Land Assessment $0 Total Assessment $161,100
Date Created: 2024-07-16 04:16:18 Last Updated: 2024-07-16 04:16:18
Address: 10533 Gratiot Ave , Detroit, Michigan, 48213