35134 Groesbeck Hwy - Fast Food FOR SALE


Clinton Township, MI 48035
$1,200,000 USD
917-336-9067
35134 Groesbeck Hwy, Clinton Township, MI for Sale
$1,200,000 USD
Fast Food - FOR SALE
1/9
null | Request Cap Rate

35134 Groesbeck Hwy
Clinton Township, MI 48035


HIGHLIGHTS

  • Value-Add Opportunity | Flexible General Business (B-3) Zoning | Drive-Thru Equipped | Large Parking Lot
  • Groesbeck Highway (28,300 VPD) Frontage | Established QSR Corridor |Dense National Retail Presence
  • Robust Demographics | Michigan’s Most Populous Township | Detroit MSA

OVERVIEW

• Value-add opportunity to acquire a vacant former quick service restaurant (QSR) at a discounted basis and create significant upside through lease-up and stabilization • Existing improvements, including a drive-thru lane, pylon signage, and a large parking lot, reduce tenant improvement costs and support an accelerated path to occupancy • Zoned General Business (B-3), permitting a broad range of uses and providing flexibility to accommodate a variety of leasing strategies

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$407 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former QSR | Value-Add | Drive Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

B-3

APN/PARCEL ID

16-11-28-377-058

ASK ABOUT THIS PROPERTY

Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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