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26640 Gratiot Ave
Roseville, MI 48066
Burger King · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Fast Food
Building Size
3,600 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.32 AC
Zoning
B-3

About 26640 GRATIOT AVE , ROSEVILLE, MI 48066

LONG-TERM, WORRY-FREE INVESTMENT • Brand New Development – This store was recently built in May 2019 to match the latest Burger King prototype • Long-Term Lease – Tenant to sign a brand new lease with Four (4), 5-Year options to extend at the close of escrow • Absolute NNN Lease – Tenant takes care of all landlord responsibilities including tax, insurance, maintenance, roof and structure • Growing Cash Flow – There are 8% increases every 5 years – Excellent hedge against inflation! EXCELLENT TENANT WITH STRONG GROWTH MODEL AND BALANCE SHEET • GPS Hospitality – One of the three largest Burger King operators in the country • High Growth Operator – GPS Hospitality has 475+ Burger King, Popeyes, & Pizza Hut restaurants across, Alabama, Arkansas, Florida, Georgia, Louisiana, Maryland, Mississippi, New Jersey, Michigan, Pennsylvania, and West Virginia • Tenant with Long-Term Outlook – GPS has seen consistent year-over-year revenue growth and has a strong remodel and growth strategy • Healthy Cash Flow – Franchise Times reports that GPS Hospitality has revenues over $650 million and is halfway to its 10-year goal of $1 billion in annual revenue FANTASTIC REAL ESTATE • Heavy Traffic Counts – Property is located just off Interstate 696 and Gratiot Ave • Main Retail Corridor – Nearby national tenants include Costco, McDonald’s, Payless ShoeSource, T.J. Maxx, Taco Bell, Shell, and many more

Property Taxes

Property Taxes

Parcel Number
08-14-20-132-041
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$577,200
  • Listing ID: 14816552

  • Date on Market: 1/9/2019

  • Last Updated:

  • Address: 26640 Gratiot Ave, Roseville, MI 48066

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