Del Taco & Mod Pizza
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
50680 Gratiot Ave., Chesterfield, MI 48051
PROPERTY INFORMATION
Price:
$2,857,100
Cap Rate:
7.0%
Term Remaining:
10 Years
INVESTMENT SUMMARY
– MOD Pizza & Del Taco Owned by Team Schostak Family Restaurants, a 100+ unit local restauranteur – Other Brands Include Applebee’s & Olga’s Kitchen | Guarantee from Del Taco Entity & MOD Pizza Entity
– Development Agreement in Place with MOD Pizza for 25 Units
– Area Operator for Del Taco Expanding to 40 Units
– Brand New 4,837 SF Two Tenant Retail Center
– 10 Year NN Leases | Minimal Landlord Responsibilities
– 10% Rent Increases at Year 6 & 7.50% at Each Option
– Internet Resistant Commercial Real Estate Opportunity
– Taxes, Insurance and CAM Expenses are 100% Tenant Expenses