4220 24th Ave - Restaurant FOR SALE
Fort Gratiot, MI 48059 |
4220 24th Ave
Fort Gratiot, MI 48059
HIGHLIGHTS
- Corporate backed long-term lease with 17+ years remaining on the primary term
- Corporate Guaranty (700+ locations)- Largest seafood restaurant concept in the world
- Absolute NNN lease – zero landlord responsibilities
- Attractive 2% annual increases
- Positioned as an outlot to Lowe’s and surrounded by major Big Box retailers including Target, Meijer, The Home Depot and Walmart
- Heart of retail corridor positioned along 24th Ave (28,000+ VPD) with large pylon signage to increase visibility recent construction activity
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Red Lobster
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
5803
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
74
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
20-022-4001-100
