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27055770
31567851

32435 Gratiot Ave, Roseville, MI 48066 For Sale

JS
CA 01360233
Colliers - Los Angeles - Orange County, California
EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
CD
CA CA 02022605
Colliers - Los Angeles - Orange County, California
PC
MI 6505287317
Colliers - Royal Oak/Detroit, Michigan
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Royal Oak/Detroit, Michigan
$2,805,000
308 days on market
Updated 21 days ago

Burger King

Details
APN 08-14-04-251-009
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,943
Cap Rate 6.85%
NOI $192,130
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King
Lease Type Absolute NNN
Lease Expiration 06/29/2035
Remaining Term 8.9
Rent Bumps Yes
Lease Options (2) 10-Year Options to Extend Remaining
Broker Co-Op Yes
Buildings 1
Stories 1
Lot Size (SqFt) 26,964
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

20 Years of Proven Success at Location

Marketing description

The Snyder Carlton Team is pleased to present the opportunity to purchase an absolute-net-leased Burger King with 10 years of lease term remaining and a nearly 20-year history of successful operation at this location. The operator, GPS Hospitality, is a powerhouse in the restaurant industry. GPS Hospitality has over 475 locations and consistently produces strong above-average sales at this location. This property is situated along a major retail corridor, with an exceptional 63,100 vehicles passing by daily on Gratiot Avenue.

The property is an outparcel to the highly successful Macomb Mall, which houses the top Kohl’s in Michigan and a top two Dick’s Sporting Goods. Surrounding tenants include Chick-fil-A (new), Ross, Hobby Lobby, Sam’s Club, and more. With these strong attributes, Burger King Roseville provides an excellent absolute-net-lease investment opportunity in a in a rapidly growing market.

Investment highlights

  • GPS Hospitality - 475+ Restaurants Nationwide
  • Strong Placer.ai – Burger King (Top 80th Percentile Nationwide) – Above Average Sales
  • Surrounding Tenants Include Hobby Lobby, Sam's Club, Dick's Sporting Goods, Ross, and a New Chick-fil-A
  • Outparcel to 933,000 SF Macomb Mall - Owned and Operated by Lormax Stern, a Top National Development & Management Firm

Listing Contacts

JS
CA 01360233
Colliers - Los Angeles - Orange County, California
EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
CD
CA CA 02022605
Colliers - Los Angeles - Orange County, California
PC
MI 6505287317
Colliers - Royal Oak/Detroit, Michigan
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Royal Oak/Detroit, Michigan

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$192,130.00
$16,010.83/mo

Valuation Metrics

0
DSCR
6.85%
Cap Rate
6.85%
ROI

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