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903 Spruce St
Dowagiac, MI 49047
Burger King | New 15-Yr NNN · Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- New 15-Year NNN Lease with Zero Landlord Responsibilities
- Scheduled 10% Rent Increases Every Five Years
- Recently Remodeled in 2022 on ±1.47 Acres w/ Drive-Thru
- Four (4) Five-Year Renewal Options, Up to 35 Years of Total Occupancy
- Guaranteed by Crown Hospitality Partners, Inc. (36-Unit Burger King Franchisee)
- Spruce Street/M-51 (±10,711 VPD) Primary Commercial Corridor
Résumé de l'annonce
Marcus & Millichap is pleased to present a freestanding Burger King with drive-thru at 903 Spruce Street in Dowagiac, Michigan. The ±3,859-square-foot restaurant, remodeled in 2022, sits on ±1.47 acres and is secured by a new 15-year NNN lease with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $137,703 produces a 5.90% cap rate, with 10% rent increases every five years providing built-in income growth. The lease is guaranteed by Crown Hospitality Partners, Inc., an experienced 36-unit Burger King franchisee with seven decades of combined system experience.
The property is positioned along Spruce Street/M-51 (±10,711 VPD), Dowagiac's primary commercial corridor, with neighbors including Family Fare, McDonald's, Tractor Supply, and AutoZone. The 10-mile trade area holds 29,942 residents with an average household income of $97,518, supported by Southwestern Michigan College (2,238 students) and Dowagiac Union High School (507 students). The broader region benefits from Amtrak connectivity to Chicago, Detroit, and Lansing, and ongoing investment including 100+ new housing starts citywide and the 617,000-square-foot Digital Farms technology campus. Burger King operates 19,000+ locations in 120+ countries as a flagship brand of Restaurant Brands International (NYSE: QSR), pairing global brand strength with passive net-lease income.
The property is positioned along Spruce Street/M-51 (±10,711 VPD), Dowagiac's primary commercial corridor, with neighbors including Family Fare, McDonald's, Tractor Supply, and AutoZone. The 10-mile trade area holds 29,942 residents with an average household income of $97,518, supported by Southwestern Michigan College (2,238 students) and Dowagiac Union High School (507 students). The broader region benefits from Amtrak connectivity to Chicago, Detroit, and Lansing, and ongoing investment including 100+ new housing starts citywide and the 617,000-square-foot Digital Farms technology campus. Burger King operates 19,000+ locations in 120+ countries as a flagship brand of Restaurant Brands International (NYSE: QSR), pairing global brand strength with passive net-lease income.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Restauration rapide
Taille du bâtiment
3 859 pi²
Classe d’immeuble
C
Année de construction
2022
Prix
3 231 490 $ CAD
Prix par pi²
837,39 $ CAD
Taux de capitalisation
5,90%
Revenu net d’exploitation
190 658 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,06
Taille du lot
1,48 AC
Stationnement
44 places (11,4 places par 1 000 pi² loué)
Façade
Commodités
- Enseigne sur pylône
- Affichage
- Service au volant
Impôts fonciers
| Numéro de lot | 14-160-100-774-40 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 429 629 $ CAD |
Impôts fonciers
Numéro de lot
14-160-100-774-40
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
429 629 $ CAD
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