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32632855
32632854

14570 SOUTHFIELD RD, ALLEN PARK, MI 48101-2600

PK
MI 6502433613
Marcus & Millichap - Detroit
PD
CA CA 01797033
Deltondo Advisory Group Irvine
CO
CA 02246172
Marcus & Millichap
Listed by Marcus & Millichap - Detroit, Deltondo Advisory Group Irvine, Marcus & Millichap
$2,140,000
21 days on market
Updated 21 days ago

Corporate Del Taco - #1 Location in Michigan

Details
APN 30 011 99 0004 002
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,967
Net Rentable (SqFt) 2,967
Units 1
Cap Rate 5.75%
NOI $123,050
Occupancy 100%
Tenancy Single
Brand/Tenant Del Taco
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/27/2033
Remaining Term 7.5
Rent Bumps Yes
Lease Options Two, 10 Year
Year Built 2001
Year Renovated 2019
Acreage 0.770
Investment Type Net Lease
Lease Commencement 11/28/2018
Ground Lease No
Ownership Fee Simple

Corporate-Guaranteed Absolute NNN Del Taco | #1 Performing Location in Michigan (Per Placer.ai)

Investment highlights

Absolute-Net Lease | Zero Landlord Responsibilities

7.5 Years Remaining On Corporate-Guaranteed Absolute-NNN Lease Structure Eliminates Landlord Expense Obligations, Including Roof, Structure, Taxes And Maintenance

10% Increase Occurring In 2.5 Years

Scheduled Rental Escalations Provide Contractual NOI Growth Throughout The Primary Term And Extension Periods

High-Visibility Corner Parcel Along Southfield Road (69,460 VPD)

Located On A 0.77-Acre Signalized Corner Site With Excellent Access, Prominent Frontage And Dedicated Parking

Adjacent To Major New Development | 110,000 SF Mixed Use Project

Property is Adjacent to New Development — Including 7 New Commercial Mixed-Use Retail Buildings, 4-Story Hotel, and Car Wash

Renovated Prototype Location Modernized In 2019

Originally Constructed In 2001 And Significantly Renovated In 2019 To Align With Del Taco’s Updated Operating Format

Strategic Access To I-94 & Major Regional Thoroughfares

The Property Benefits From Immediate Connectivity To I-94, Southfield Road And The Downriver Detroit Transportation Corridor

Listing Contacts

PK
MI 6502433613
Marcus & Millichap - Detroit
PD
CA CA 01797033
Deltondo Advisory Group Irvine
CO
CA 02246172
Marcus & Millichap
Listed by Marcus & Millichap - Detroit, Deltondo Advisory Group Irvine, Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$123,050.00
$10,254.17/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Paul Kerber
License
6502433613
Title
Broker of Record
Name
Paul Kerber
License
6502433613
Brokerage
Marcus & Millichap
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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