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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30860502
34224982

5665 Bay Rd, Saginaw, MI 48604 For Sale

AS
MI 6​5​0​2​4​3​3​3​0​7
APEX Commercial Real Estate Advisors
SY
MI 6501443637
APEX Commercial Real Estate Advisors
Listed by APEX Commercial Real Estate Advisors
$2,480,000
131 days on market
Updated 12 days ago
Opportunity zone

Famous Dave's BBQ - Corporate Lease

Details
APN 18-13-4-34-1008-014
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 7,595
Net Rentable (SqFt) 7,595
Units 1
Cap Rate 7.5%
NOI $186,000
Occupancy 100%
Tenancy Single
Brand/Tenant Famous Dave's BBQ
Lease Type Absolute NNN
Lease Term 31.9
Lease Expiration 12/31/2035
Remaining Term 9.5
Rent Bumps Yes
Lease Options Three, Five Year Options
Price per SqFt $327
Broker Co-Op Yes
Year Built 2004
Year Renovated 2004
Acreage 3.100
Zoning B-3
Investment Type Stabilized
Lease Commencement 02/01/2004
Occupancy Date 02/01/2004
Ownership Fee Simple

Tenant Recently Renewed their Lease Showing Strong Commitment

Investment highlights

Absolute NNN Lease – Zero landlord responsibilities, providing a passive income stream

The tenant has been at this location for over 20 years and recently exercised a new 10- year renewal, demonstrating a strong long-term commitment to the site

Strong Corporate Guarantee – Backed by Famous Dave’s parent company, ensuring financial stability

Long-Term Lease with Options – Secure lease term with renewal options, providing future income security

Prime Retail Location – Situated in a high-traffic commercial corridor with strong retail synergy

Established Tenant with National Recognition – Famous Dave’s is a well-known barbecue restaurant brand with a loyal customer base

Situated on a 3± acre lot, the property benefits from ample land area, strong visibility, and the ability to accommodate a wide range of commercial uses

Growing Market – Saginaw benefits from a strong local economy with a stable population and workforce

Nearby National Tenants – Surrounded by major retailers such as Walmart, Meijer, Target, and Home Depot, driving consistent traffic

Listing Contacts

AS
MI 6​5​0​2​4​3​3​3​0​7
APEX Commercial Real Estate Advisors
SY
MI 6501443637
APEX Commercial Real Estate Advisors
Listed by APEX Commercial Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$186,000.00
$15,500.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Ayson Shammami
License
6​5​0​2​4​3​3​3​0​7
Brokerage
Apex Commercial RE
Title
Apex Commercial RE
Brokerage Address
32300 Northwestern Highway
Name
Sal Yaldo
License
6501443637
Brokerage
Apex Commercial Real Estate Advisors
Brokerage Phone
248.579.5045
Title
Managing Partner
Brokerage Address
32300 Northwestern Highway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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