This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
5774 N Wayne Rd
Westland, MI 48185
Red Lobster · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
ABOUT 5774 N WAYNE RD , WESTLAND, MI 48185
Marcus & Millichap is pleased to present the exclusive listing for Red Lobster located at 5774 North Wayne Road in Westland, Michigan. The property is 7,582 square feet and is situated on approximately 1.96 acres of land. This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 23 years remaining on the lease. Current annual rent is$233,113. The rent is scheduled to increase by two percent annually, including through the four, five year tenant renewal options. This Red Lobster property is located at 5774 North Wayne Road in Westland, Michigan. Westland is a city in Wayne County and is located 16 miles west of downtown Detroit. It is the 10th largest city and 12th largest municipality in Michigan.This property is located on North Wayne Road, with average daily traffic counts of over 56,533 vehicles. Ford Road experiences a daily traffic count of 50,204 vehicles. There are approximately 114,710 people within a three-mile radius and more than 267,969 people within a five-mile radius. One mile north of the Red Lobster is Westland Shopping Center. It is also located within walking distance of two parks, Central City Park and Jaycee Park.
PROPERTY TAXES
| Parcel Number | 56-035-02-0011-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $627,100 |
PROPERTY TAXES
