3514 Saginaw StBurton, MI 48529
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 126
Highlights
- $1,600,000 asking price for a Checkers and Rally's restaurant in Burton, MI.
- Absolute NNN lease, 15-year term with 10% rent bumps every five years.
- 651 square feet on a 0.9-acre lot, 100% occupancy.
- $96,000 annual net operating income (NOI), 6.00% cap rate.
- Strong location on a hard-corner, lighted intersection in a dense retail corridor with high traffic.
Property Details for 3514 Saginaw St
- Property type
- Retail properties, Restaurants
- Square Feet
- 651 SF
- Year Built
- 1994
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 39,204 SF
- Units
- 1
Location Insight
- City
- Burton
- County
- Genesee
- State
- Michigan
- Latitude
- 42.974944
- Longitude
- -83.6731918
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Michigan QSR, 15-Year Lease, High NOI
- Where is the retail property located?
- The property is located at 3514 Saginaw St Burton, MI.
- What is the asking price?
- The asking price for this property is $1,600,000.
- What are key features of this property?
- This property features: $1,600,000 asking price for a Checkers and Rally's restaurant in Burton, MI.; Absolute NNN lease, 15-year term with 10% rent bumps every five years.; 651 square feet on a 0.9-acre lot, 100% occupancy.
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