1113 West Maple RdWalled Lake, MI 48390
- Retail properties
- 3,039 SF
For Sale
$1,450,000
View listing
Property Details for 1113 West Maple Rd
- Year built
- 1983
- Lot size
- 1.26 AC
- Property size (Sq ft)
- 3,039 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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
Location Insight
- City
- Walled Lake
- County
- Oakland
- State
- Michigan
- Latitude
- 42.5385
- Longitude
- -83.4786
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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