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Restaurant

Twisted Rooster

9729 Belleville Rd, Belleville, MI 48111

Listing Price: $2,180,769

Cap Rate
6.50%
Tenant Name
Meritage Hospitality Group
Years Remaining On Lease
9.0
Guarantor
Franchisee Guarantee
Rentable SF
5,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.77

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Twisted Roosted located at 9729 Belleville Road in Belleville, MI. The property consists of roughly 5,500 square feet of building space and is situated on approximately 2.10 acres of land. The Twisted Rooster is subject to a 15-year absolute triple net (NNN) lease, which commenced in July of 2015. The current annual rent is $141,750 and is scheduled to increase by the lesser of change in CPI or five percent (5.0%), every five years in the base term and in each of the six five-year tenant renewal options. The lease is guaranteed by Meritage Hospitality Group, an experienced, 344+ unit operator.

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease With 9 Years Remaining
  • Lesser of Change in CPI or Five Percent (5.0%) Increases Every Five (5) Years
  • Six (6), Five (5)-Year Tenant Renewal Options

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Listing Price: $2,180,769

Cap Rate
6.50%
Tenant Name
Meritage Hospitality Group
Years Remaining On Lease
9.0
Guarantor
Franchisee Guarantee
Rentable SF
5,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.77

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease With 9 Years Remaining
  • Lesser of Change in CPI or Five Percent (5.0%) Increases Every Five (5) Years
  • Six (6), Five (5)-Year Tenant Renewal Options

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Twisted Roosted located at 9729 Belleville Road in Belleville, MI. The property consists of roughly 5,500 square feet of building space and is situated on approximately 2.10 acres of land. The Twisted Rooster is subject to a 15-year absolute triple net (NNN) lease, which commenced in July of 2015. The current annual rent is $141,750 and is scheduled to increase by the lesser of change in CPI or five percent (5.0%), every five years in the base term and in each of the six five-year tenant renewal options. The lease is guaranteed by Meritage Hospitality Group, an experienced, 344+ unit operator.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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