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Burger King 837 W Chicago Blvd 8,752 SF Retail Building Tecumseh, MI 49286 $1,100,000 ($125.69/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- High Visibility & Frontage on W. Chicago Blvd.
- Adjacent to Tecumseh High School | $33M State-of-the-Art High School | Over 1,000 Students Attending
- 27k+ Vehicles per Day
- Strong Store Sales Year-over-Year
EXECUTIVE SUMMARY
A golden Burger King investment opportunity on the market and a Carroll's Corporate Guarantee backing this property. With a 20-year original lease term and 6 years still remaining, it's a solid long-term investment.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
8,752 SF
Building Class
C
Year Built
2002
Price
$1,100,000
Price Per SF
$125.69
Cap Rate
6.15%
NOI
$67,625
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.90 AC
Zoning
B-3 - General Business
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
113’ on Chicago
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | XT0-133-1250-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $550,000 |
PROPERTY TAXES
Parcel Number
XT0-133-1250-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$550,000
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Burger King | 837 W Chicago Blvd
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