Del Taco & Mod Pizza

50680 Gratiot Ave., Chesterfield, MI 48051

PROPERTY DETAILS

  • Cap Rate 7.0%
  • Leasable Area 4,837 sq ft

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INVESTMENT OVERVIEW

- 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

PROPERTY INFORMATION

Price:
$2,857,100
Cap Rate:
7.0%
Lease Term:
10 years
Status:
Closed

LOCATION INFORMATION

Address:
50680 Gratiot Ave., Chesterfield, MI 48051


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