3700 Pine Grove Ave - Restaurant FOR SALE
Fort Gratiot, MI 48059 |
3700 Pine Grove Ave
Fort Gratiot, MI 48059
HIGHLIGHTS
- Strong Restaurant Sales | Top Performing Restaurant for TSFR & Top 25% Placer.ai Traffic Ranking Nationwide
- 10-Year Absolute Net Sale-Leaseback | 10% Rent Increases Every 5 Years & in Options | TEAM Schostak Family Restaurants (TSFR) 61 Applebee’s
- 1.38-Acre Lot with 200 FT of Road Frontage on M-25 / Pine Grove Road (30,580 VPD)
- 2 Miles from Blue Water Bridge | 3.9 Million Vehicle Crossings in 2022 | 4th Busiest U.S. / Canada Crossing
- Strong Retail Market: 8.1 Million SF of Retail within a 5-Mile Radius & an Occupancy Rate of 94.9%
- McLaren Port Huron Hospital 2.5 Miles Away | (186-Bed Non-Profit Hospital)
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Applebee's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
5932
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
96
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
20-695-0012-000
