102 S Madison Ave - Fast Food FOR SALE


Bay City, MI 48708- Uptown Bay City
$2,000,000 USD
102 S Madison Ave, Bay City, MI for Sale
$2,000,000 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

102 S Madison Ave
Bay City, MI 48708
Uptown Bay City


OVERVIEW

CBRE is pleased to present an exclusive listing for the Rally’s located at 102 S. Madison Ave, in Bay City, MI 48708. The site consists of 1,208 total square feet of building space and sits on 0.47 acres of land. The site will be subject to a 15-year absolute NNN sale-leaseback with a top operational franchisee with significant experience across multiple top brands. Starting in year one, the base rent shall be $120,000. The lease will call for 10% rental escalations each 5 year period. The subject property is nestled near I-75 and is surrounded by reputable establishments such as DoubleTree, Comfort Inn, McDonald’s, Starbucks, and Advance Auto Parts. It also boasts a variety of local eateries like D’Angelo’s, Washington Ave Irish Pub, and Grampa Tony’s that attract locals, adding vibrancy to the city.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$1,656 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rally's Hamburgers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

Commercial

APN/PARCEL ID

09-160-028-256-004-00

ASK ABOUT THIS PROPERTY

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