Retail•Free Standing Building•For Sale

Arby's

33491 23 Mile Rd, Chesterfield, Michigan 48047

Sale Price $2,000,000
Sale Type Net Lease Investment
Bldg Type Single Tenant
Year Renovated 2019
Cap Rate 6.00%
Vacancy 100%
Gross Bldg 2,750 SqFt
Land Area 1.24 Acres
Net Op Inc $120,000
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  • Absolute Triple "NNN" Net Lease | Zero Landlord Responsibilities
  • Arby's Franchisee To Execute New 20 Year Lease Upon Close of Escrow
  • Excellent Location and Visibility with Frontage on Heavily Traveled 23 Mile Road
  • Located In The Growing Suburb of Chesterfield Township
  • 2,750 SF Single Tenant Free Standing Building w/ Drive Thru Situated on 1.24 Acres
  • Lease Is Guaranteed by Franchisee Operator w/ Over 25 Years of Experience
  • Heavily Traveled Crossroads of 23 Mile & Seaton (Combined Traffic Counts Exceed 36,000 VPD)
  • 10% Rental Increases Every Five Years | (4) Five Year Options w/ Increases
  • Surrounding National Tenants: 7-Eleven, Comerica Bank, Wendy's, CVS, Tim Horton's, KFC, Taco Bell, Salvation Army, TCF Bank, Verizon, and many more
3/10/2020 6:52:47 PM 3/24/2020 9:49:20 PM
Ayson Shammami
Associate Advisor
Encore Real Estate Investment Services
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