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Twisted Rooster

Belleville, Michigan

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INVESTMENT SUMMARY
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.

✓ 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
✓ Strong Franchisee Guarantee | Meritage Hospitality Group | Experienced 344+ Unit Operator

Key Details

Price:
$2,180,769
Cap Rate:
6.50%
Annual Rent:
$141,750
Address:
9729 Belleville Road , Belleville, Michigan 48111
Lease Type:
Triple-Net (NNN)

Lot Size:
+/- 2.10 Acres
Building Size:
5 SF
Tenant:
Twisted Rooster

Broker of record

Steven Chaben

License: 3502387903


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