2407 Washtenaw Ave - Restaurant FOR SALE
Ypsilanti, MI 48197 |
$672,000 USD
248-702-0288
2407 Washtenaw Ave
Ypsilanti, MI 48197
HIGHLIGHTS
- Freestanding Building – 2,600 square foot structure situated on 0.47 acres with strong street presence and dedicated parking.
- Veteran Operator - 30-years w Cottage Inn - Two Locations
- Established High-Traffic Location - Positioned on Washtenaw Avenue with over 27,474 vehicles per day, offering exceptional visibility and easy access.
- New 10-Year Absolute NNN Lease - Strong lease term in place with four (4) five-year options and 10% rent increases at each extension.
- Major Franchise Growth – New ownership projects 80+ new locations across Michigan, Ohio, and Indiana by 2026.
- University-Adjacent Location – Located just outside Eastern Michigan University (13,352 students) and within 5 miles of the University of Michigan.
FOR SALE DETAILS
PRICE
$672,000 USD
PRICE/SF
$272 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Cottage Inn Gourmet Pizza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.47 AC
LAND SF
20,473 SF
ZONING
BI
APN/PARCEL ID
11-06-465-020
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
248-702-0288
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
248-702-0288
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
