STNL Freestanding Restaurant Investment

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30126918
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 6,943 SF
Gross Building Area: See Agent
Sale Price: $1,150,000
Unit Price: $165.63 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.17%
Average Occupancy Rate: 100
Last Updated: 11/27/2017

Overview / Comments

Located in the heart of Saginaw’s retail district and across from Fashion Square Mall, Harvey’s Bar and Grill is a successful, operating family-owned restaurant serving traditional American foods and drinks. It is open for lunch and dinner 7 days a week. Currently, the lease expires in August of 2026 with 3 five (5) year options. (See agent for investment information.) Monument signage, access from both Tittabawassee Road and the Burlington Coat Factory/Dick’s Sporting Goods center via Westbay Drive provide good visibility and access.

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Tax ID/APN: 23124031059000
Zoning: B-3; COMMUNITY WIDE COMME
Retail Clientele: General, Family, Business
Property Located Between: SWQ Tittabawassee & Bay R
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Renovated: 2009
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,096 43,666 101,545
Median Age: 32.89 38.14 38.2
Households: 1,018 17,188 40,826
© Copyright Commercial Property Information Exchange (CPIX). All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.