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Domino's 5784 W US Highway 10 1,477 SF Retail Building Ludington, MI 49431 $753,943 CAD ($510.46 CAD/SF) 6.75% Cap Rate
Investment Highlights
- 11 Years Remaining on Initial 15 Year Lease Term - Provides long-term lease stability with a substantial term remaining
- Rent to Sales Ratio Below 5.25% - A low rent-to-sales ratio suggests the location is financially healthy for the tenant
- Retrofit to Tenant's Specs in 2022 - Recent upgrades tailored to the tenant reduce near-term capital needs
- 2% Annual Rental Increases - Built-in rent growth creates steady income increases over time providing a hedge against inflation
- Drive Thru Equipped Building - The drive-thru adds convenience for customers and supports strong sales volume
- 29,000+ Vehicles Pass the Site Every Day - High daily traffic provides strong visibility and customer exposure
Executive Summary
11 Years Remaining on Initial 15 Year Lease Term - Provides long-term lease stability with a substantial term remaining
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,477 SF
Building Class
C
Year Built
1980
Price
$753,943 CAD
Price Per SF
$510.46 CAD
Cap Rate
6.75%
NOI
$50,891 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.51 AC
Zoning
Commercial
Parking
15 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
148’ on Ludington Ave
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-014-200-040-00 | Improvements Assessment | $207,897 CAD |
| Land Assessment | $52,114 CAD | Total Assessment | $260,011 CAD |
Property Taxes
Parcel Number
010-014-200-040-00
Land Assessment
$52,114 CAD
Improvements Assessment
$207,897 CAD
Total Assessment
$260,011 CAD
Contacts
-
Deno Bistolarides -
Brandon Kassab -
Ramzy Kizy -
Encore Real Estate Investment Services
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Domino's | 5784 W US Highway 10
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