About This Restaurant
Investment Highlights
22+ Year Operating History | 12 Years Remaining | Corporate Guaranteed Signalized, Hard Corner Intersection | Off Interstate 96 |Direct Consumer Base | Drive-Thru Equipped Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Strong Demographics In 5-mile Trade Area
Executive Summary
? The tenant, Burger King, has operated at this location for 22+ years? 12 years remain on this lease? The Burger King brand is owned by Restaurant Brands International Inc. (TSX, NYSE: QSR), one of the world?s largest quick service restaurant companies with more than $27 billion in system-wide sales and over 29,000 restaurants in more than 100 countries and U.S. territories
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 2,127
- Building Class B
- Year Built 1988
- Price 1,711,000
- Price Per SF 804
- Cap Rate 4.50
- NOI 77,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.04
- Land Acres 1.10 AC
Amenities
- Bus Line
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 16-018198-210 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $146,700 |
| Date Created: | 2024-07-16 04:16:19 | Last Updated: | 2024-07-16 04:16:19 |
| Address: | 9871 Livernois Ave , Detroit, Michigan, 48204 | ||