27169 23 Mile Rd | Chesterfield, MI 48051
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- LoopNet Team
27169 23 Mile Rd
Chesterfield, MI 48051
Olive Garden Ground Lease | Corporate · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years
- Below Market Rent Dramatically Increases Future Renewal Probability
- Serving Over 106,000 Residents in Growing Super Regional Trade Area
- Corporate Guaranty (NYSE: DRI; S&P: BBB-), Largest Full-Service Italian Restaurant Operator in the U.S. with 904 Locations
- Brand New High-Quality Construction, Latest Prototype
- Surrounded by Several New Housing and Commercial Developments
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,757 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.88 AC
Zoning
C
Parking
119 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
423’ on 23 Mile Road
PROPERTY TAXES
| Parcel Number | 15-09-17-351-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,050,100 |
PROPERTY TAXES
Parcel Number
15-09-17-351-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,050,100
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