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Raising Cane's Chicken Fingers 6005-6011 S Westnedge Ave 3,386 SF Retail Building Portage, MI 49002 $5,234,700 CAD ($1,545.98 CAD/SF) 4.74% Cap Rate
EXECUTIVE SUMMARY
A ground lease prime Net-Leased QSR investment opportunity in Portage, MI.
Prime Location Opening Fall 2025
New 15-Yr Ground Lease
7.5% Rent Increases every 5 Years
S&P BB-
Signalized Intersection | E. Milham & S. Westnedge Avenue
Prime Location Opening Fall 2025
New 15-Yr Ground Lease
7.5% Rent Increases every 5 Years
S&P BB-
Signalized Intersection | E. Milham & S. Westnedge Avenue
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,386 SF
Building Class
B
Year Built/Renovated
2022/2026
Price
$5,234,700 CAD
Price Per SF
$1,545.98 CAD
Cap Rate
4.74%
NOI
$248,125 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.38 AC
Zoning
B-3
Parking
36 Spaces (10.63 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 10-02740-008-A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $600,529 CAD |
PROPERTY TAXES
Parcel Number
10-02740-008-A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$600,529 CAD
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Raising Cane's Chicken Fingers | 6005-6011 S Westnedge Ave
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