10240 S Clare Ave - Freestanding FOR SALE


Clare, MI 48617
$1,220,000 USD
314-562-1906
10240 S Clare Ave, Clare, MI for Sale
$1,220,000 USD
Freestanding - FOR SALE
1/1
null | 7.57% Cap Rate

10240 S Clare Ave
Clare, MI 48617


HIGHLIGHTS

  • This Big Boy Location Originally Opened in 1990.
  • Tenant Recently Executed their Final 5-Year Extension: No Options Remain.
  • Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities.

OVERVIEW

Benefits from its Strategic Position at the Intersection of Two Major Highways: U.S. Route 127 & U.S. Route 10. Brand New Aldi Anchored Shopping Center Under Construction 1,000 ft Down the Road. Situated Directly Off of U.S. Highway 127 with Traffic of +11,700 VPD. Dedicated Exit off of U.S. Highway 10 with ±16,000 VPD Southeast Bound. Corporately Guaranteed Lease from Big Boy Restaurant Group.

FOR SALE DETAILS

PRICE

$1,220,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

7.57%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Big Boy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.9 AC

LAND SF

126,324 SF

ZONING

C

APN/PARCEL ID

051-027-200-38

ASK ABOUT THIS PROPERTY

Davis JohnsonMatthews Real Estate Investment ServicesMore Info
314-562-1906

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Davis JohnsonMatthews Real Estate Investment ServicesMore Info
314-562-1906

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.