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5665 Bay Rd
Saginaw, MI 48604
Famous Dave's · Retail Property For Sale
Investment Highlights
- Tenant recently renewed their lease Showing Strong Commitment to the location
- The tenant has been at this location for over 20 years and recently exercised a new 10- year renewal
- Prime Retail Location – Situated in a high-traffic commercial corridor with strong retail synergy
- Absolute NNN Lease – Zero landlord responsibilities, providing a passive income stream
- Strong Corporate Guarantee – Backed by Famous Dave’s parent company, ensuring financial stability
- Established Tenant with National Recognition – Famous Dave’s is a well-known barbecue restaurant brand with a loyal customer base
Executive Summary
Absolute NNN - Recent Lease Extension.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,595 SF
Year Built
2004
Price
$3,448,639 CAD
Price Per SF
$454.07 CAD
Cap Rate
7.50%
NOI
$258,648 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.13 AC
Opportunity Zone
Yes
Zoning
B-3
Property Taxes
| Parcel Number | 18-13-4-34-1008-014 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,005,770 CAD |
Property Taxes
Parcel Number
18-13-4-34-1008-014
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,005,770 CAD
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