Listed by Marcus & Millichap
$249,900
Re-Development Opportunity - Reed City MI
Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food
Square Footage 2,511
Net Rentable (SqFt) 2,511
Units 1
Tenancy Vacant
Lease Type Absolute NNN
Pro-Forma Cap Rate 22.01%
Pro-Forma NOI $55,000
Price per SqFt $100
Broker Co-Op Yes
Year Built 1977
Year Renovated 2001
Buildings 1
Stories 1
Acreage 0.800
Investment Type Owner/User
Ownership Fee Simple
Rare Opportunity!
Marketing description
RARE - Michigan Class C Liquor License License is available at an additional cost.
We are pleased to offer this vacant restaurant property, a former Pizza Hut. The property provides an opportunity for redevelopment or an owner/user. The property consists of 0.8 Acres with a restaurant building consisting of over 2,511 SF. The property was built in 1977 and has gone through various remodels over the years.
Listing Contacts
Listed by Marcus & Millichap
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