For Sale
$3,846,154

22250 Eureka Rd Taylor, MI 48180

Brand new Chick-fil-A, 15-year lease, high traffic.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity features a brand-new, single-tenant Chick-fil-A restaurant located at 22250 Eureka Rd, Taylor, MI 48180. The property boasts a 15-year absolute NNN ground lease with a corporate guarantee, providing significant security and passive income potential. The 4,995 square foot building, constructed in 2024, sits on a 1.47-acre lot within a thriving retail corridor experiencing high vehicular traffic (54,000+ vehicles per day). The lease includes twelve, five-year options to extend, with attractive 7.5% rent bumps every five years. The property's strategic location within the Southland Shopping Center outlot is surrounded by major retailers such as Kohl's, Sephora, and Macy's, ensuring high visibility and consistent customer traffic. The surrounding area demonstrates strong demographics, with a three-mile population exceeding 67,000 residents and an average household income exceeding $70,013. The median home value within five miles surpasses $140,000, further solidifying the location's desirability. The property offers a compelling 4.55% cap rate and a net operating income (NOI) of $175,000, making it an ideal investment for those seeking a stable, high-performing asset in a prime location. The asking price is $3,846,154, representing a price per square foot of $770. This is a fee simple ownership opportunity.

Highlights

  • Absolute NNN ground lease with corporate guarantee.
  • 7.5% rent bumps every five years.
  • Twelve five-year option periods.
  • Outlot location in Southland Shopping Center, near Kohl's, Sephora, and Macy's.
  • 5-mile population exceeding 215,000.
  • 1-mile median home value of $144,145.

Property Details for 22250 Eureka Rd

Property type
Retail properties, Restaurants
Square Feet
4,995 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
64,033 SF
Units
1

Location Insight

City
Taylor
County
Wayne
State
Michigan
Latitude
42.1985113
Longitude
-83.2506561

FAQs

What type of property is this?
Retail property - Brand new Chick-fil-A, 15-year lease, high traffic.
Where is the retail property located?
The property is located at 22250 Eureka Rd Taylor, MI.
What is the asking price?
The asking price for this property is $3,846,154.
What are key features of this property?
This property features: Absolute NNN ground lease with corporate guarantee.; 7.5% rent bumps every five years.; Twelve five-year option periods.
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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22250 Eureka Rd
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