3828 N Us Highway 31 S | Traverse City, MI 49684
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3828 N Us Highway 31 S
Traverse City, MI 49684
Big Boy - Traverse City, MI · Retail Property For Sale
Investment Highlights
- 20-year corporately guaranteed lease with absolute net terms, ensuring minimal landlord responsibilities
- 5 Million annual visitors and $1 Billion in revenue; Located directly across the street from Meijer
- The tenant has occupied the property since 1986; Lease includes 10% rent increases every 5 years
- Adjacent tenants include: Chick-fil-A, Starbucks, McDonald's, Panera Bread, Great Wolf Lodge Water Park and Grand Traverse Mall
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,675 SF
Building Class
C
Year Built
1977
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.38 AC
Zoning
C-2
Parking
87 Spaces (18.61 Spaces per 1,000 SF Leased)
Frontage
351 FT on U.S. 31
PROPERTY TAXES
| Parcel Number | 05-016-012-10 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $445,900 |
PROPERTY TAXES
Parcel Number
05-016-012-10
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$445,900
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