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Red Lobster 29980 Plymouth Rd 8,141 SF Retail Building Livonia, MI 48150 $2,568,465 ($315.50/SF) 7.75% Cap Rate
Investment Highlights
- Adjacent to High Performing Walmart Super Center
- Dense Retail Corridor
- Incredibly Dense Population
- Long-term, Absolute Triple-Net (NNN) Lease
Executive Summary
Surmount is pleased to present the exclusive listing for a Red Lobster located at 29980 Plymouth Road, Livonia, MI 48150. The site consists of roughly 8,141 rentable square feet of building space on an estimated 1.94-acre parcel of land. This Red Lobster is subject to a --year Triple Net (NNN) lease, which commenced -. The current annual rent is $195,153 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,141 SF
Building Class
B
Year Built
1987
Price
$2,568,465
Price Per SF
$315.50
Cap Rate
7.75%
NOI
$199,056
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.94 AC
Zoning
C-2
Frontage
179’ on Plymouth Rd
Amenities
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 46-104-99-0002-004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $659,900 |
Property Taxes
Parcel Number
46-104-99-0002-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$659,900
Contacts
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Robert Stein -
Andrew Darby -
Christopher Marks -
Surmount
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Red Lobster | 29980 Plymouth Rd
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