CBRE is pleased to present an exclusive listing for the Checkers/Rally’s located at 3514 South Saginaw Street, in Burton, Michigan. The site consists of 651 total square feet of building space and sits on 0.9 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 $96,000. The lease will call for 10% rental escalations each five year period during the base term and throughout each five-year period of the term.
The subject property is located on Saginaw Road, in close proximity to the following retail establishments; Rite Aid, Speedway, Subway, McDonald’s, Kroger and Tim Horton’s. East of the property is the City of Burton’s fire station, Bendle Middle School and Bendle High School with a combined student count of 588.