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Savvy Sliders/Happy Pizza 2630 Oakwood Blvd

2,985 SF Retail Building Melvindale, MI 48122 £769,275 (£258/SF) 5.54% Net Initial Yield

Investment Highlights

  • 10-Year Triple Net (NNN) Lease with zero landlord responsibilities
  • Close to the freeway
  • Two 5 year options with rent increases

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,985 SF
Building Class
C
Year Built/Renovated
2002/2020
Price
£769,275
Price Per SF
£258
Net Initial Yield
5.54%
NOI
£42,606
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
0.69 AC
Zoning
C-2
Parking
23 Spaces (7.71 Spaces per 1,000 SF Leased)
Frontage
235 ft on Oakwood Blvd

Amenities

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru
  • Roof Terrace
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
47-001-01-0040-301
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£151,488
  • Listing ID: 33703891

  • Date on Market: 31/10/2024

  • Last Updated:

  • Address: 2630 Oakwood Blvd, Melvindale, MI 48122

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