NEQ 7 Mile & Haggerty Rd - Retail FOR SALE


Livonia, MI 48152
$4,000,000 USD
248-855-6800
NEQ 7 Mile & Haggerty Rd, Livonia, MI for Sale
$4,000,000 USD
Retail - FOR SALE
1/5
null | 5.5% Cap Rate

NEQ 7 Mile & Haggerty Rd
Livonia, MI 48152


HIGHLIGHTS

  • LONG TERM GROUND LEASE, NO LANDLORD RESPONSIBILITIES
  • NEW PROTOTYPE CONSTRUCTION
  • STRONG MARKET CO-TENANCY
  • GREAT ACCESS & VISIBILITY
  • DENSE RESIDENTIAL CUSTOMER BASE

OVERVIEW

Mid-America Real Estate - Michigan, Inc. has been retained on behalf of ownership to sell the 100% fee simple interest in 1 acre of land with a ground lease containing a brand-new 2,500 square foot CAVA Grill restaurant with a drive-thru in Livonia, Michigan. The property is ideally positioned at the northeast quadrant of 7 Mile Road and Haggerty Road, in a tier 1 market in Michigan, and offers investors a near bulletproof income stream featuring a longterm ground lease in a strong and stable market.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$1,600 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CAVA

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

-

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

C-2

APN/PARCEL ID

46-023-99-0001-012

ASK ABOUT THIS PROPERTY

Eric BirnholtzMid-America Real Estate - Michigan, Inc.More Info
248-855-6800

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Eric BirnholtzMid-America Real Estate - Michigan, Inc.More Info
248-855-6800

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