For Sale
$1,100,000

837 Chicago Blvd Tecumseh, MI 49286

High-yield, NNN-leased QSR property.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a fee-simple ownership of a 2,850 square foot Burger King restaurant located at 837 W Chicago Blvd, Tecumseh, MI 49286. Built in 2002, this Class A property boasts a strong 6-year remaining lease term with a corporate guarantee from Carroll's, featuring 1% annual rent bumps. The absolute NNN lease structure eliminates landlord responsibilities, providing a passive income stream. The property enjoys a prime location on W. Chicago Blvd, a high-traffic area with over 27,000 vehicles daily, and benefits from its proximity to Tecumseh High School (a new $33 million state-of-the-art facility with over 1,000 students). The 0.9-acre lot includes 25 parking spaces. The property's strong performance is reflected in its 6.15% cap rate and $67,639 NOI. The asking price is $1,100,000 ($385.96/sq ft). Surrounding businesses include CVS, Speedway, Tim Horton's, McDonald's, and many other national retailers. The B-3 zoning and strong demographics (average household income exceeding $98,000 within a 3-mile radius) further enhance the investment potential of this turnkey operation. The property is currently 100% occupied.

Highlights

  • Triple Net (NNN) lease; no landlord responsibilities.
  • 2,850 square foot building with drive-thru.
  • Strong year-over-year sales growth.
  • Corporate guarantee from Carroll's.
  • 14-year remaining lease term (original term 20 years).
  • High visibility and frontage on West Chicago Boulevard.

Property Details for 837 Chicago Blvd

Property type
Retail properties
Square Feet
2,850 SF
Class
A
Year Built
2002
Lot Size (sq. ft)
39,204 SF

Location Insight

City
Tecumseh
County
Lenawee
State
Michigan
Latitude
42.005695111444
Longitude
-83.959581071697

FAQs

What type of property is this?
Retail property - High-yield, NNN-leased QSR property.
Where is the retail property located?
The property is located at 837 Chicago Blvd Tecumseh, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Triple Net (NNN) lease; no landlord responsibilities.; 2,850 square foot building with drive-thru.; Strong year-over-year sales growth.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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837 Chicago Blvd
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