2071 N Telegraph Rd - Fast Food FOR SALE


Monroe, MI 48162
$2,450,000 USD
646-805-1438
2071 N Telegraph Rd, Monroe, MI for Sale
$2,450,000 USD
Fast Food - FOR SALE
1/10
null | 4% Cap Rate

2071 N Telegraph Rd
Monroe, MI 48162


HIGHLIGHTS

  • 12 Years Remaining | Options To Extend | 10% Rental Increases | Corporate Signature | Double Drive-Thru Equipped
  • NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Prime Retail Corridor | Steps From Major Retail Destinations
  • Signalized, Hard Corner Intersection
  • Direct Residential Consumer Base | Strong Trade Area Demographics

OVERVIEW

• Approximately 12 years of remaining primary term with (8) 5-year renewal options, providing stable in-place income and long-term extension potential • 10% rental increases every 5 years during the primary term and at the beginning of each option period support NOI growth and provide a hedge against inflation • The tenant, Chick-fil-A, Inc., is the corporate entity for Chick-fil-A, the third-largest QSR brand in the nation with more than 3,380 locations • The property features double drive-thru infrastructure, promoting efficient customer flow and supporting tenant performance

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$490 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A | 12yrs Remain Corp NNN GL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

C-2

APN/PARCEL ID

07-076-003-50

ASK ABOUT THIS PROPERTY

Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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