4626 Red Arrow Hwy - Fast Food FOR SALE


Stevensville, MI 49127
$2,401,321 USD
408-510-9057
4626 Red Arrow Hwy, Stevensville, MI for Sale
$2,401,321 USD
Fast Food - FOR SALE
1/3
null | 5.85% Cap Rate

4626 Red Arrow Hwy
Stevensville, MI 49127


HIGHLIGHTS

  • New 15-Year NNN Lease with Zero Landlord Responsibilities
  • Four (4) Five-Year Renewal Options, Up to 35 Years of Total Occupancy
  • Scheduled 10% Rent Increases Every Five Years
  • Guaranteed by Crown Hospitality Partners, Inc. (36-Unit Burger King Franchisee)
  • Recently Remodeled in 2022 on ±1.30 Acres w/ Drive-Thru
  • Red Arrow Highway (±15,450 VPD) Near Interstate 94 (±41,432 VPD) at Exit 23

OVERVIEW

Marcus & Millichap is pleased to present a freestanding Burger King with drive-thru at 4626 Red Arrow Highway in Stevensville, Michigan, along the Lake Michigan shoreline in Berrien County. The ±3,942-square-foot restaurant, remodeled in 2022, sits on ±1.30 acres and is secured by a new 15-year NNN lease with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $140,477 produces a 5.85% cap rate, with 10% rent increases every five years providing built-in income growth. The lease is guaranteed by Crown Hospitality Partners, Inc., an experienced 36-unit Burger King franchisee with seven decades of combined system experience. The property is positioned along Red Arrow Highway (±15,450 VPD) near Interstate 94 (±41,432 VPD) at Exit 23, serving commuter and visitor traffic between southwest Michigan and the Chicago metro area. Corridor neighbors include Meijer, Tractor Supply, ALDI, Culver's, and Taco Bell. The 3-mile trade area holds 19,383 residents with an average household income of $134,262, supported by Corewell Health St. Joseph Hospital (290+ beds) and Lakeshore High School (800+ students). Major area employers include Whirlpool Corporation and Cook Nuclear Plant. Burger King operates 19,000+ locations in 120+ countries as a flagship brand of Restaurant Brands International (NYSE: QSR), pairing global brand strength with passive net-lease income.

FOR SALE DETAILS

PRICE

$2,401,321 USD

PRICE/SF

$583 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King | New 15-Yr NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

HC

APN/PARCEL ID

11-12-0016-0047-04-4

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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