1120 W 14 Mile Rd
2,739 SF Retail Building Clawson, MI 48017 $1,357,143 ($495/SF) 7% Cap Rate
Investment Highlights
- Established franchise brand with proven financial performance.
- Prime location right on 14 Mile Rd.
- Ample parking for customers and high visibility for foot traffic.
Executive Summary
Fortis Net Lease is pleased to present a Del Taco located at 1120 W 14 Mile Rd in Clawson, Michigan. This is an exceptional opportunity for retail/restaurant investors. This 2,739 SF building, constructed in 1982, offers a prime location in the BI zoned area. Boasting one unit, this property provides ample space for a retail store or restaurant with a welcoming atmosphere for clientele. The versatile layout and prime location on 14 Mile Rd make it a standout investment, as this Del Taco benefits from excellent visibility and accessibility. The location enjoys substantial foot and vehicular traffic, driving consistent customer flow and maximizing potential sales. Additionally, this Del Taco location has demonstrated consistent performance and profitability, making it a reliable investment with a history of successful operations. Don't miss the chance to make this space your own and capitalize on the thriving community in Clawson!
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,739 SF
Building Class
C
Year Built
1982
Price
$1,357,143
Price Per SF
$495
Cap Rate
7%
NOI
$95,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.68 AC
Zoning
B-1 - Local Business District
Parking
51 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
149 FT on 14 Mile Rd
Amenities
- Pylon Sign
- Drive Thru
- Air Conditioning
Walk Score®
Very Walkable (73)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 20-33-354-035 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $446,810 |