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CAVA NEQ 7 Mile & Haggerty Rd 2,500 SF 100% Leased Retail Building Livonia, MI 48152 $4,000,000 ($1,600/SF) 5.50% Cap Rate
Investment Highlights
- LONG TERM GROUND LEASE, NO LANDLORD RESPONSIBILITIES
- STRONG MARKET CO-TENANCY
- DENSE RESIDENTIAL CUSTOMER BASE
- NEW PROTOTYPE CONSTRUCTION
- GREAT ACCESS & VISIBILITY
Executive Summary
Mid-America Real Estate - Michigan, Inc. has been retained on behalf of ownership to sell the 100% fee simple interest in 1 acre of land with a ground lease containing a brand-new 2,500 square foot CAVA Grill restaurant with a drive-thru in Livonia, Michigan. The property is ideally positioned at the northeast
quadrant of 7 Mile Road and Haggerty Road, in a tier 1 market in Michigan, and offers investors a near bulletproof income stream featuring a longterm ground lease in a strong and stable market.
quadrant of 7 Mile Road and Haggerty Road, in a tier 1 market in Michigan, and offers investors a near bulletproof income stream featuring a longterm ground lease in a strong and stable market.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,500 SF
Building Class
C
Construction Status
Proposed
Price
$4,000,000
Price Per SF
$1,600
Cap Rate
5.50%
NOI
$220,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
1.70 AC
Zoning
C-2
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 46-023-99-0001-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $712,600 |
Property Taxes
Parcel Number
46-023-99-0001-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$712,600
(248) 855-6800
x125
Contacts
-
Eric Birnholtz -
Tony Schmitt -
Bradley Rosenberg -
Mid-America Real Estate - Michigan, Inc.
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Videos
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Photos
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Street
Map
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CAVA | NEQ 7 Mile & Haggerty Rd
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