13905 Lakeside Cir | Sterling Heights, MI 48313
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13905 Lakeside Cir
Sterling Heights, MI 48313
Mission BBQ | New Construction · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Full 10 years of initial lease term and sits on a newly redeveloped outparcel that also features a new Shake Shack and a third parcel yet to be leased
- The NNN Ground Lease is corporately guaranteed by Mission BBQ which has over 100+ locations in 18 states and is continuing to grow into new markets
- Mission BBQ is an outparcel to Lakeside Mall and located in the middle of a dominant retail corridor with notable national tenants
- Highly visible location with frontage and signage on the eastbound lanes of Hall Road (108,860 VPD)
- Mission BBQ's lease features large 10% rent increases in Year 6 and in each of the four option periods
- Home to 104,961 residents within 3 mi and 256,420 within 5 mi. Average household incomes exceed $93,000 within 3 mi and $102,000 within 5 mi
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,700 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.94 AC
Zoning
n/a - n/a
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 10-10-01-102-011 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $701,500 |
PROPERTY TAXES
Parcel Number
10-10-01-102-011
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$701,500
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