32435 Gratiot Ave - Fast Food FOR SALE


Roseville, MI 48066
$3,284,274 USD
626-633-6397
32435 Gratiot Ave, Roseville, MI for Sale
$3,284,274 USD
Fast Food - FOR SALE
1/6
null | 5.85% Cap Rate

32435 Gratiot Ave
Roseville, MI 48066


HIGHLIGHTS

  • GPS Hospitality - 475+ Restaurants Nationwide
  • Strong Placer.ai – Burger King (Top 80th Percentile Nationwide) – Sales Consistently $800+ PSF
  • Surrounding Tenants Include Hobby Lobby, Sam’s Club, Dick’s Sporting Goods, Ross, and a New Chick-fil-A
  • Outparcel to 933,000 SF Macomb Mall - Owned and Operated by Lormax Stern, a Top National Development & Management Firm

OVERVIEW

The Snyder Carlton Team is pleased to present the opportunity to purchase an absolute-net-leased Burger King with 10 years of lease term remaining and a nearly 20-year history of successful operation at this location. The operator, GPS Hospitality, is a powerhouse in the restaurant industry. GPS Hospitality has over 475 locations and consistently produces strong above-average sales at this location. This property is situated along a major retail corridor, with an exceptional 63,100 vehicles passing by daily on Gratiot Avenue. The property is an outparcel to the highly successful Macomb Mall, which houses the top Kohl’s in Michigan and a top two Dick’s Sporting Goods. Surrounding tenants include Chick-fil-A (new), Ross, Hobby Lobby, Sam’s Club, and more. With these strong attributes, Burger King Roseville provides an excellent absolute-net-lease investment opportunity in a in a rapidly growing market.

FOR SALE DETAILS

PRICE

$3,284,274 USD

PRICE/SF

$1,116 USD /SF

CAP RATE

5.85%

% 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

2006

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

26,964 SF

ZONING

B-3

APN/PARCEL ID

08-14-04-251-009

ASK ABOUT THIS PROPERTY

Cameron DuffyColliersMore Info
626-633-6397

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Cameron DuffyColliersMore Info
626-633-6397

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