3989 S Lapeer Rd - Fast Food FOR SALE
Metamora, MI 48455 |
$1,760,000 USD
248-702-0288
3989 S Lapeer Rd
Metamora, MI 48455
HIGHLIGHTS
- Absolute triple net ground lease – landlord has zero responsibility for taxes, insurance, or maintenance
- New 10 year lease term commenced July 11, 2018, providing predictable, long term income
- McDonald’s has operated at this location for approximately 18 years, demonstrating strong site-level commitment and performance.
- Corporate-guaranteed lease by McDonald’s, the second largest fast food chain in the world.
- McDonald’s holds the master lease and Marathon Gas operates as the sub-tenant, creating a dual-traffic, complementary use at the corner.
- Limited quick service restaurant competition in the immediate trade area, allowing this location to capture a disproportionate share of local
FOR SALE DETAILS
PRICE
$1,760,000 USD
PRICE/SF
$352 USD /SF
CAP RATE
3.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
McDonald's Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
64
LAND DETAILS
LAND ACRES
2.27 AC
LAND SF
98,881 SF
ZONING
B-2
APN/PARCEL ID
015-008-065-03
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248-702-0288
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248-702-0288
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