3514 S Saginaw St - Fast Food FOR SALE


Burton, MI 48529
$1,600,000 USD
3514 S Saginaw St, Burton, MI for Sale
$1,600,000 USD
Fast Food - FOR SALE
1/3
null | 6.06% Cap Rate

3514 S Saginaw St
Burton, MI 48529


OVERVIEW

CBRE is pleased to present an exclusive listing for the Checkers/Rally’s located at 3514 South Saginaw Street, in Burton, Michigan. The site consists of 651 total square feet of building space and sits on 0.9 acres of land. The site will be subject to a 15-year absolute NNN sale-leaseback with a top operational franchisee with significant experience across multiple top brands. Starting in year one, the base rent shall be $96,000. The lease will call for 10% rental escalations each five year period during the base term and throughout each five-year period of the term. The subject property is located on Saginaw Road, in close proximity to the following retail establishments, Rite Aid, Speedway, Subway, McDonald’s, Kroger and Tim Horton’s. East of the property is the City of Burton’s fire station, Bendle Middle School and Bendle High School with a combined student count of 588.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$2,458 USD /SF

CAP RATE

6.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C-2

APN/PARCEL ID

59-30-578-011

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