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2071 N Telegraph Rd
Monroe, MI 48162
Chick-fil-A | 12yrs Remain Corp NNN GL · Retail Property For Sale
Investment Highlights
- 12 Years Remaining | Options To Extend | 10% Rental Increases | Corporate Signature | Double Drive-Thru Equipped
- Prime Retail Corridor | Steps From Major Retail Destinations
- Direct Residential Consumer Base | Strong Trade Area Demographics
- NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection
Executive Summary
• Approximately 12 years of remaining primary term with (8) 5-year renewal options, providing stable in-place income and long-term extension potential
• 10% rental increases every 5 years during the primary term and at the beginning of each option period support NOI growth and provide a hedge against inflation
• The tenant, Chick-fil-A, Inc., is the corporate entity for Chick-fil-A, the third-largest QSR brand in the nation with more than 3,380 locations
• The property features double drive-thru infrastructure, promoting efficient customer flow and supporting tenant performance
• 10% rental increases every 5 years during the primary term and at the beginning of each option period support NOI growth and provide a hedge against inflation
• The tenant, Chick-fil-A, Inc., is the corporate entity for Chick-fil-A, the third-largest QSR brand in the nation with more than 3,380 locations
• The property features double drive-thru infrastructure, promoting efficient customer flow and supporting tenant performance
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,220 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$2,450,000
Price Per SF
$469.35
Cap Rate
4%
NOI
$98,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.17 AC
Zoning
C-2 - General Commercial
Parking
67 Spaces (12.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 07-076-003-50 | Improvements Assessment | $766,500 |
| Land Assessment | $360,000 | Total Assessment | $1,126,500 |
Property Taxes
Parcel Number
07-076-003-50
Land Assessment
$360,000
Improvements Assessment
$766,500
Total Assessment
$1,126,500
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