For Sale
$1,450,000

1113 West Maple Rd Walled Lake, MI 48390

Walled Lake, MI Restaurant - High Cap Rate

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a freestanding Burger King restaurant located at 1113 E West Maple Rd, Walled Lake, MI 48390. The property boasts 3,039 square feet situated on a 1.26-acre lot, offering ample space for operations and 51 parking spaces for customer convenience. Built in 1983, the building is zoned B1 and C-2 - General Commercial, allowing for flexibility. The property features a strong cap rate of 6.60% and is offered at an asking price of $1,450,000, translating to a land value of $477.13 per acre. The current lease agreement is a NNN lease, providing a predictable income stream. The franchisee operates 11 locations. The lease terms are structured as follows: $8,000 per month, NNN for years 1-5

Highlights

  • $8,000/month NNN lease for the first five years, increasing to $8,800/month NNN for years six through ten.
  • High-traffic location with excellent frontage on E. West Maple Road in a dense retail corridor.
  • Established franchisee operating 11 locations.

Property Details for 1113 West Maple Rd

Property type
Retail properties, Restaurants
Square Feet
3,039 SF
Year Built
1983
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Walled Lake
County
Oakland
State
Michigan
Latitude
42.5385393
Longitude
-83.4785661

FAQs

What type of property is this?
Retail property - Walled Lake, MI Restaurant - High Cap Rate
Where is the retail property located?
The property is located at 1113 West Maple Rd Walled Lake, MI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: $8,000/month NNN lease for the first five years, increasing to $8,800/month NNN for years six through ten.; High-traffic location with excellent frontage on E. West Maple Road in a dense retail corridor.; Established franchisee operating 11 locations.
How can I contact the broker?
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1113 West Maple Rd
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