Log In/Sign Up
Your email has been sent.
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
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Red Lobster | 29980 Plymouth Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.