424 N Telegraph Rd - Freestanding FOR SALE


Monroe, MI 48162- Downtown Monroe
$2,703,077 USD
332-345-4268
424 N Telegraph Rd, Monroe, MI for Sale
$2,703,077 USD
Freestanding - FOR SALE
1/3
null | 6.5% Cap Rate

424 N Telegraph Rd
Monroe, MI 48162
Downtown Monroe


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Long-Term Lease with Built-In Rent Growth
  • Strong Retail Corridor with Robust Traffic Counts
  • Significant Economic Development Momentum in Monroe County

OVERVIEW

Surmount is pleased to present the exclusive listing for a Bojangles located at 424 North Telegraph Road, Monroe, MI 48162. The site consists of roughly 1,845 rentable square feet of building space on an estimated .71-acre parcel of land. Bojangles is subject to a 20-year Triple Net (NNN) lease which commenced on 7/31/2025. The annual rent is $175,700 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$2,703,077 USD

PRICE/SF

$1,465 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bojangles

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

C-2

APN/PARCEL ID

55-69-00690-000

ASK ABOUT THIS PROPERTY

Ryan SblendorioSurmountMore Info
332-345-4268

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Ryan SblendorioSurmountMore Info
332-345-4268

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