About This Restaurant
Investment Highlights
2,553 Square Foot Ground Lease Located on .57Acres of Land Tenant Has Occupied the Site since 1998 andRecently Extended their Lease for a Brand New 10 Year Term Heavily Traveled Flint Location - Drive Thru Equipped Long Term Occupancy - Ten Years Remaining on anAbsolute NNN Ground Lease Low Rent and Price/SF - Replaceable Rent Located Near Other High Quality Tenants IncludingLittle Caesars Pizza, Kroger, Tim Hortons, Domino'sPizza, Etc
Executive Summary
2,553 Square Foot Ground Lease Located on .57 Acres of LandLong Term Occupancy - Ten Years Remaining on an Absolute NNN Ground LeaseTenant Has Occupied the Site since 1998 and Recently Extended their Lease for a Brand New 10 Year TermLow Rent and Price/SF - Replaceable RentHeavily Traveled Flint Location - Drive Thru EquippedLocated Near Other High Quality Tenants Including Little Caesars Pizza, Kroger, Tim Hortons, Domino's Pizza, Etc
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,553
- Building Class C
- Year Built 1997
- Price 1,036,530
- Price Per SF 406
- Cap Rate 5.65
- NOI 58,564
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.10
- Land Acres 0.57 AC
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 30-00-100-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $227,800 |
| Date Created: | 2024-07-16 04:16:18 | Last Updated: | 2024-07-16 04:16:18 |
| Address: | 4903 Fenton Rd , Flint, Michigan, 48507 | ||