66942 Gratiot AveRichmond, MI 48062
Michigan QSR, 20-Year Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- High-traffic location at Gratiot Ave and 31 Mile Rd intersection, exceeding 28,000 vehicles daily.
- Located in front of the only major grocery store within a 6-mile radius, ensuring consistent customer flow.
- Prime retail corridor with nearby Tractor Supply, Jimmy John's, CVS, and other major retailers.
- Affluent area with average household income exceeding $87,000 within a 3-mile radius.
- NNN lease with Meritage Hospitality Group, a major Wendy's franchisee, minimizing landlord responsibilities.
- 20-year lease (expiring August 31, 2044) with six, five-year options, providing long-term income stability and 1.5% annual rent increases.
Property Details for 66942 Gratiot Ave
- Property type
- Other retail properties, Restaurants
- Square Feet
- 2,045 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 24,394 SF
Location Insight
- City
- Richmond
- County
- Macomb
- State
- Michigan
- Latitude
- 42.79403399
- Longitude
- -82.73678651
Nearby Similar for Sale
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