29622 7 Mile Rd | Livonia, MI 48152
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29622 7 Mile Rd
Livonia, MI 48152
Sonic · Retail Property For Sale
Investment Highlights
- Franchisee Backed by Large Operator | The property is leased to SOAR Restaurants II, LLC, an experienced Sonic franchisee operating over 83 units
- Absolute NNN Lease Structure|The absolute triple net lease eliminates all landlord responsibilities, providing a fully passive investment opportunity
- Established Income Stream with Strong Rent Growth | The lease features scheduled 7.50% rent increases every five years
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,600 SF
Building Class
C
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.75 AC
Zoning
C-2
Parking
43 Spaces (18.18 Spaces per 1,000 SF Leased)
Frontage
211’ on 7 Mile Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $5,206,500 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,206,500
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