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Burger King 32435 Gratiot Ave 2,943 SF Retail Building Roseville, MI 48066 $4,467,662 CAD ($1,518.06 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- GPS Hospitality - 475+ Restaurants Nationwide
- Surrounding Tenants Include Hobby Lobby, Sam’s Club, Dick’s Sporting Goods, Ross, and a New Chick-fil-A
- Strong Placer.ai – Burger King (Top 80th Percentile Nationwide) – Above Average Sales
- Outparcel to 933,000 SF Macomb Mall - Owned and Operated by Lormax Stern, a Top National Development & Management Firm
EXECUTIVE SUMMARY
The Snyder Carlton Team is pleased to present the opportunity to purchase an absolute-net-leased Burger King with 10 years of lease term remaining and a nearly 20-year history of successful operation at this location. The operator, GPS Hospitality, is a powerhouse in the restaurant industry. GPS Hospitality has over 475 locations and consistently produces strong above-average sales at this location. This property is situated along a major retail corridor, with an exceptional 63,100 vehicles passing by daily on Gratiot Avenue.
The property is an outparcel to the highly successful Macomb Mall, which houses the top Kohl’s in Michigan and a top two Dick’s Sporting Goods. Surrounding tenants include Chick-fil-A (new), Ross, Hobby Lobby, Sam’s Club, and more. With these strong attributes, Burger King Roseville provides an excellent absolute-net-lease investment opportunity in a in a rapidly growing market.
The property is an outparcel to the highly successful Macomb Mall, which houses the top Kohl’s in Michigan and a top two Dick’s Sporting Goods. Surrounding tenants include Chick-fil-A (new), Ross, Hobby Lobby, Sam’s Club, and more. With these strong attributes, Burger King Roseville provides an excellent absolute-net-lease investment opportunity in a in a rapidly growing market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,943 SF
Building Class
C
Year Built
2006
Price
$4,467,662 CAD
Price Per SF
$1,518.06 CAD
Cap Rate
6%
NOI
$268,060 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.62 AC
Zoning
B-3
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
135’ on Gratiot Ave
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for many successful years.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-14-04-251-009 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $554,241 CAD |
PROPERTY TAXES
Parcel Number
08-14-04-251-009
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$554,241 CAD
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Burger King | 32435 Gratiot Ave
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