4140 Miller Rd - Restaurant FOR SALE


Flint, MI 48507- South Flint/Grand Blanc
$1,800,000 USD
502-442-7074
4140 Miller Rd, Flint, MI for Sale
$1,800,000 USD
Restaurant - FOR SALE
1/6
null | 5.71% Cap Rate


HIGHLIGHTS

  • 10+ Years Remaining | Scheduled Rental Increases | Established Brand
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Genesee Valley Center (1,300,000 SF+) | Bishop International Airport
  • Located Along Miller Rd (29,600 VPD) | Interstate 69 & Interstate 75 (135,800 VPD) | Excellent Visibility
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Texas Roadhouse investment property located in Flint, Michigan. The tenant, Texas Roadhouse, recently exercised a 5-year option early making the current lease term over 10 years remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Texas Roadhouse operates over 740 restaurants system-wide in 49 states.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

5.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse | 10+yrs Corp Abs NNN w/ Incr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

165

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

General Commercial

APN/PARCEL ID

07-28-200-017

ASK ABOUT THIS PROPERTY

Morgan ZantSRS National Net LeaseMore Info
502-442-7074

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Morgan ZantSRS National Net LeaseMore Info
502-442-7074

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