29980 Plymouth Rd - Restaurant FOR SALE


Livonia, MI 48150
$2,518,103 USD
332-345-4222
29980 Plymouth Rd, Livonia, MI for Sale
$2,518,103 USD
Restaurant - FOR SALE
1/2
null | 7.75% Cap Rate

29980 Plymouth Rd
Livonia, MI 48150


HIGHLIGHTS

  • Adjacent to High Performing Walmart Super Center
  • Incredibly Dense Population
  • Dense Retail Corridor
  • Long-term, Absolute Triple-Net (NNN) Lease

OVERVIEW

Surmount is pleased to present the exclusive listing for a Red Lobster located at 29980 Plymouth Road, Livonia, MI 48150. The site consists of roughly 8,141 rentable square feet of building space on an estimated 1.94-acre parcel of land. This Red Lobster is subject to a --year Triple Net (NNN) lease, which commenced -. The current annual rent is $195,153 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$2,518,103 USD

PRICE/SF

$309 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

-

APN/PARCEL ID

46-104-99-0002-004

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.