4220 24th Ave
Fort Gratiot, MI 48059
Red Lobster · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-term lease with 15+ years remaining on the primary term
- Red Lobster went through an extensive remodel to include their Bar Harbor concept at this location
- Attractive 2% annual increases
- Corporate Guaranty (700+ locations)- Largest seafood restaurant concept in the world
- Absolute NNN lease – zero landlord responsibilities
- Heart of retail corridor positioned along 24th Ave (25,000+ VPD) with large pylon signage to increase visibility recent construction activity
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,803 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.53 AC
Zoning
C2 - Commercial
Parking
74 Spaces (12.75 Spaces per 1,000 SF Leased)
Frontage
201’ on 24th Ave
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Security System
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 20-022-4001-100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $802,900 |
