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Morning Belle & Blue Porch Bar & Grill 45225 Marketplace Blvd 7,317 SF Retail Building Chesterfield, MI 48051 $2,307,692 ($315.39/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Absolute NNN Sale-Leaseback
- Franchisee Guarantee by Leading Multi-Unit Operator
- Stable, Inflation-Aware Rent Increases
- Dual-Tenant Concept
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Morning Belle & Blue Porch Bar & Grill located at 45225 Marketplace Blvd, Chesterfield, MI 48051. The site consists of roughly 7,317 rentable square feet of building space on an estimated 2.45-acre parcel of land. This Morning Belle & Blue Porch Bar & Grill is subject to a 15-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $150,000 and has scheduled increases of lesser of change in CPI and 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,317 SF
Building Class
C
Year Built
2005
Price
$2,307,692
Price Per SF
$315.39
Cap Rate
6.50%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.45 AC
Zoning
C-4 Mult - C4 - Regional commercial center located outside of the central business districts
Parking
144 Spaces (19.68 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 15-09-31-351-024 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $823,700 |
PROPERTY TAXES
Parcel Number
15-09-31-351-024
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$823,700
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Morning Belle & Blue Porch Bar & Grill | 45225 Marketplace Blvd
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