3514 Saginaw StBurton, MI 48529

For Sale
$1,600,000

Michigan QSR, 15-Year Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple ownership of a Checkers & Rally's fast-food restaurant in Burton, Michigan. The property, totaling 651 square feet on a 0.9-acre lot, is situated at a high-traffic, hard-corner location on Saginaw Street, benefiting from excellent visibility and accessibility. A new 15-year absolute NNN lease is in place with a highly experienced franchisee operating a significant number of units across multiple brands, ensuring consistent cash flow. The lease features a base rent of $96,000 annually, with a 10% rent increase every five years, providing built-in growth potential. The property boasts a 6.00% cap rate and a strong NOI of $96,000. Built in 1994, this single-story building is zoned commercial and enjoys 100% occupancy. The location benefits from proximity to other major retailers including Rite Aid, Speedway, Subway, McDonald's, Kroger, and Tim Horton's, as well as Bendle Middle and High Schools. Four, five-year renewal options are included in the lease agreement, further enhancing the long-term value of this investment. This sale-leaseback transaction offers a secure, passive income stream with significant upside potential. The property's strong location, experienced tenant, and favorable lease terms make it an attractive investment for discerning buyers.

Highlights

  • $1,600,000 asking price for a Checkers and Rally's restaurant in Burton, MI.
  • Absolute NNN lease, 15-year term with 10% rent bumps every five years.
  • 651 square feet on a 0.9-acre lot, 100% occupancy.
  • $96,000 annual net operating income (NOI), 6.00% cap rate.
  • Strong location on a hard-corner, lighted intersection in a dense retail corridor with high traffic.

Property Details for 3514 Saginaw St

Property type
Other retail properties, Individual retail properties
Square Feet
651 SF
Year Built
1994
Buildings
1
Stories
1
Lot Size (sq. ft)
39,204 SF
Units
1

Location Insight

City
Burton
County
Genesee
State
Michigan
Latitude
42.974944
Longitude
-83.6731918
3514 Saginaw St, Burton, Michigan

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3514 Saginaw St
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