Checker's
781 SF | Retail Building | Saginaw, MI 48607 | $1,230,769 ($1,576/SF) | 5.85% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,230,769
- Property Type
-
Retail
- Square Feet
- 781 SF
- Price / Square Foot
- $1,576
Listing Contacts
Andrew Jaworski
Verified Profile
- Property Info
Property Overview
CBRE is pleased to present an exclusive listing for the Checkers/Rally’s located at 420 E. Genesee Avenue, in Saginaw, Michigan. The site consists of 781 total square feet of building space and sits on 0.67 acres of land. The site will be subject to a 15-year absolute NNN sale-leaseback with a top operational franchisee with significant experience across multiple top brands. Starting in year one, the base rent shall be $72,000. The lease will call for 10% rental escalations each five year period during the base term and throughout each five-year period of the term.
The subject property is within close proximity to heavily frequented facilities in the area such as The Dow Event Center which can host up to 7,600 people, Ascension St. Mary’s Hospital, Saginaw Art’s and Sciences Academy with its 5,143 students, and the GM Powertrain with 369 employees.
The subject property is within close proximity to heavily frequented facilities in the area such as The Dow Event Center which can host up to 7,600 people, Ascension St. Mary’s Hospital, Saginaw Art’s and Sciences Academy with its 5,143 students, and the GM Powertrain with 369 employees.
Property Details
- Year Built
- 1995
- Stories
- 1
- Lot Size (sq. ft)
- 29,185 SF
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