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: $1,040,000
Unit Price: $149.79 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.93%
Average Occupancy Rate: 100
Last Updated: 2/15/2018

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
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
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