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Arby’s

$ 1,650,000
Charlotte, Michigan
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Newly Listed

Address: 503 E Lansing Road, Charlotte, Michigan, United States 48813

Cap Rate: 6.00%

Lease Type: Absolute Triple-Net (NNN)

Annual Rent: $99,000

Net Operating Income: $99,000

Rentable Sq/Ft: 2,543 SF

Rent Sq/Ft: $38.93

Price Sq/Ft: $649

Lot Size: +/- 0.44

This Arby’s property is situated on E Lansing Road, which boasts an average daily traffic count of 15,000 vehicles. E Lansing Road intersects with Interstate-69, which brings an additional 38,000 vehicles into the immediate area on average daily. There are nearly 20,000 individuals residing within a five-mile radius of the property and more than 43,000 individuals within a ten-mile radius. This subject property is situated in an affluent area with the average income within a five-mile radius exceeding $71,000.
The subject property benefits from being well-positioned in an extremely dense retail corridor consisting of national and local tenants, shopping centers and other notable points of interest all within close proximity of this property. Major national tenants in the area include: Walmart Supercenter, Goodwill, Tractor Supply Co., McDonald’s, KFC, Burger King, Taco Bell, Applebee’s, Dunham’s, Little Caesar’s, Pizza Hut, Wendy’s as well as many others. This Arby’s also benefits from its close proximity to several academic institutions. There are four academic institutions within a three-mile radius, with an overall combined enrollment that exceeds 2,000 students. This subject Arby’s property also benefits from a prominent medical presence. Hayes Green Beach Memorial Hospital, a 50-bed state-of-the-art medical facility, is located within a half-a-mile radius. Fitch H Beach Airport, which has over 11,000 enplanements per year, is also located approximately a half-a-mile miles from the subject property. The Maple Brook Golf and Country Club, a Nine-Hole Public Golf course, is located 1-mile from this Arby’s.

 

MI Broker of Record: Steve Chaben License: 6502387903

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