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Restaurant

Burger King

3863 West Jefferson Ave, Ecorse, MI 48229

Listing Price: $1,620,000

Cap Rate
6.00%
Tenant Name
King of Michigan, LLC
Years Remaining On Lease
13.8
Gross SF
2,562
Guarantor
Franchisee Guarantee
Rentable SF
2,562
Price/Gross SF
$632.32
Lease Type
Absolute Net
Rent Per Square Feet
$37.94

Investment Overview

This Burger King investment property is situated in Ecorse, MI just south of Detroit. In 2017 a new 20-year lease was executed with 8% fixed rent increases every 5 years. The existing franchisee is controlled by EYM Group, Inc; a large Burger King franchisee with locations in 8 different states. The lease is absolute NNN with zero landlord responsibilities. This Burger King is located near the signalized, hard corner intersection of W Jefferson Avenue and Fink Hwy and located as an out parcel to a Family Dollar anchored retail strip center. The site is located within a dense manufacturing corridor, and bene?ts from its close proximity to a large employee base. The reported population is 191,098 with Average Household Income of $59,619 within a 5-mile radius from the subject property. The subject property is located near the Great Lakes Street factory that has annual raw steel making capability of approximately 3.8 million net tons sheet steel for auto industry.

Investment Highlights

  • Over 15 years remaining on Absolute NNN lease
  • Burger King is located near the signalized, hard corner intersection of W Jefferson Ave and Fink Highway
  • 8% ?xed rent increases every 5 years

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Listing Price: $1,620,000

Cap Rate
6.00%
Tenant Name
King of Michigan, LLC
Years Remaining On Lease
13.8
Gross SF
2,562
Guarantor
Franchisee Guarantee
Rentable SF
2,562
Price/Gross SF
$632.32
Lease Type
Absolute Net
Rent Per Square Feet
$37.94

Investment Highlights

  • Over 15 years remaining on Absolute NNN lease
  • Burger King is located near the signalized, hard corner intersection of W Jefferson Ave and Fink Highway
  • 8% ?xed rent increases every 5 years

Investment Overview

This Burger King investment property is situated in Ecorse, MI just south of Detroit. In 2017 a new 20-year lease was executed with 8% fixed rent increases every 5 years. The existing franchisee is controlled by EYM Group, Inc; a large Burger King franchisee with locations in 8 different states. The lease is absolute NNN with zero landlord responsibilities. This Burger King is located near the signalized, hard corner intersection of W Jefferson Avenue and Fink Hwy and located as an out parcel to a Family Dollar anchored retail strip center. The site is located within a dense manufacturing corridor, and bene?ts from its close proximity to a large employee base. The reported population is 191,098 with Average Household Income of $59,619 within a 5-mile radius from the subject property. The subject property is located near the Great Lakes Street factory that has annual raw steel making capability of approximately 3.8 million net tons sheet steel for auto industry.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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