1155 S Lapeer Rd - Fast Food FOR SALE


Lake Orion, MI 48360
$1,666,667 USD
332-345-4222
1155 S Lapeer Rd, Lake Orion, MI for Sale
$1,666,667 USD
Fast Food - FOR SALE
1/2
null | 6% Cap Rate

1155 S Lapeer Rd
Lake Orion, MI 48360


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Brand New Construction Following Decades of Strong Performance
  • Strong Franchisee Guarantee (1,000+ Units)
  • Strong Corporate Backing

OVERVIEW

Surmount is pleased to present the exclusive listing for a Burger King located at 1155 South Lapeer Road, Lake Orion, MI. The site consists of roughly 2,985 rentable square feet of building space on an estimated 1.36-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $100,000 and has scheduled increases of 1.00% annually starting year 11.

FOR SALE DETAILS

PRICE

$1,666,667 USD

PRICE/SF

$397 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,459 SF

ZONING

BI

APN/PARCEL ID

09-14-226-011

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.