Log In/Sign Up
Your email has been sent.
Dave's Hot Chicken 3667 E Grand River Ave 4,223 SF Retail Building Howell, MI 48843 $1,625,000 ($384.80/SF) 6.15% Cap Rate
Investment Highlights
- Drive-through equipped former Wendy’s retrofitted for Dave’s Hot Chicken and delivered to the tenant in essentially brand-new condition following sign
- Dave’s Hot Chicken is backed by Roark Capital Group, one of the leading private equity firms in the restaurant sector
- Ten year original lease term with 3 percent annual rent increases beginning in 2027.
- Tenant is Dave’s Hot Chicken, a fast-growing, nationally and internationally expanding fast-casual restaurant concept specializing in Nashville-style
- Lease is with Hot North Chicken LLC, a Michigan-based Dave’s Hot Chicken franchisee.
- Two five-year renewal options with 3 percent annual rent increases during each option period.
Executive Summary
Drive-through equipped former Wendy’s retrofitted for Dave’s Hot Chicken and delivered to the tenant in essentially brand-new condition following significant renovation.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,223 SF
Building Class
B
Year Built
1992
Price
$1,625,000
Price Per SF
$384.80
Cap Rate
6.15%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.82 AC
Zoning
RCD
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
212’ on Grand River Ave
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-05-400-027 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $532,500 |
Property Taxes
Parcel Number
11-05-400-027
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$532,500
Contacts
-
Deno Bistolarides -
Brandon Hanna -
Danny Samona -
Ryan Vinco -
Encore Real Estate Investment Services
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Dave's Hot Chicken | 3667 E Grand River Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.