1949 S Cedar St | Imlay City, MI 48444
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1949 S Cedar St
Imlay City, MI 48444
Big Boy - Imlay City, MI · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 20-year corporately guaranteed lease with absolute net terms, ensuring minimal landlord responsibilities
- Strategic location surrounded by prominent businesses including Wendy's, Speedway, and Chevrolet; Adjacent to major establishments
- Located on M-53, a major north-south thoroughfare throughout Michigan. Convenient access to Highway I-69, less than a mile away
- The tenant has occupied the property since 1986; Lease includes 10% rent increases every 5 years
- Close proximity to various amenities within a mile radius, including Taco Bell, Kroger, Ford dealership, Choice One Bank, and McDonald's
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,843 SF
Building Class
C
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.19 AC
Zoning
R-1 960
Parking
65 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
175’ on Cedar St
PROPERTY TAXES
| Parcel Number | I19-85-253-050-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $640,000 |
PROPERTY TAXES
Parcel Number
I19-85-253-050-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$640,000
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