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305 W 11 Mile Rd
Royal Oak, MI 48067
Chipotle Drive-Thru · Retail Property For Sale
Investment Highlights
- Operating on New Rare 12-Year Double-Net (NN) Lease with Corporate Guarantee
- Brand New 2021 Prototype Design Equipped with Drive-Thru Window - “Chipotlane” Restaurant Concepts Generate 10% More in Sales
- Centrally Located in Heart of Downtown Royal Oak - Just One Mile From The Detroit Zoo, Michigan's Largest Tourist Destination
- Rent Increases Every Five Years Including Four Renewal Option Periods
- High Income & Populous Area with Average Annual Household Income over $123,000 within 1 Mileand 368,054 Residents within a 5-Mile Radius
- High Visibility on Signalized Hard Corner of 11 Mile & Washington Ave (22,000+ CPD)
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,400 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.82 AC
Zoning
BI - Neighborhood Business
Parking
30 Spaces (12.5 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 25-21-229-006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $634,370 |
Property Taxes
Parcel Number
25-21-229-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$634,370
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