High Traffic Retail Corner - Drive Thru Site Plan Approved

Retail-Commercial for Sale
Catylist Listing ID: 30597447
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 3,549 SF
Gross Land Area: 0.92 Acres
Sale Price: $1,250,000
Unit Price: $352.21 PSF
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Happy's Pizza
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2022

Overview / Comments

Heavily traveled corner lot located at the southwest corner of Andersonville and Dixie Highway. 3,549 SF Retail building is currently comprised of 2 suites, one being vacant (previous cell phone store) and the other with Happy’s Pizza as a longstanding month to month tenant. Current owner recently received site plan approval for a drive-thru (see proposed site plan on pg. 4). New roof in 2020 (10 year transferrable warranty) and new HVAC unit 2018. Great investment opportunity!

Current Tenants

Tenant Business Name Happy's Pizza
Is Renting? Yes
SF of Space Occupied 1,879 SF
Tenant Business Name Happy's Pizza
Is Renting? Yes
SF of Space Occupied 1,879 SF

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Lakes Area
Tax ID/APN: 1304108025
Tenancy: Multiple Tenants

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,964 49,154 134,581
Median Age: 40.93 40.91 39.33
Households: 3,298 19,365 52,530

Contact

Photograph of Listing Agent

Randall S. Thomas

Insite Commercial CPIX Member
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