420 E Genesee Ave - Fast Food FOR SALE


Saginaw, MI 48607
$1,200,000 USD
631-903-7137
420 E Genesee Ave, Saginaw, MI for Sale
$1,200,000 USD
Fast Food - FOR SALE
1/1
null | 6% Cap Rate

420 E Genesee Ave
Saginaw, MI 48607


OVERVIEW

CBRE is pleased to present an exclusive listing for the Checkers/Rally’s located at 420 E. Genesee Avenue, in Saginaw, Michigan. The site consists of 781 total square feet of building space and sits on 0.67 acres of land. The site will be subject to a 15-year absolute NNN sale-leaseback with a top operational franchisee with significant experience across multiple top brands. Starting in year one, the base rent shall be $72,000. The lease will call for 10% rental escalations each five year period during the base term and throughout each five-year period of the term. The subject property is within close proximity to heavily frequented facilities in the area such as The Dow Event Center which can host up to 7,600 people, Ascension St. Mary’s Hospital, Saginaw Art’s and Sciences Academy with its 5,143 students, and the GM Powertrain with 369 employees.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$1,536 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Checker's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,359 SF

ZONING

Commercial

APN/PARCEL ID

03 0251 00000

ASK ABOUT THIS PROPERTY

631-903-7137

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631-903-7137

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