Checker's | 420 E Genesee Ave
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Checker's 420 E Genesee Ave
781 SF Retail Building Saginaw, MI 48607 $1,200,000 ($1,536/SF) 6% Cap Rate
Executive Summary
CBRE is pleased to present an exclusive listing for the Checkers/Rally’s located at 420 E. Genesee Avenue, in Saginaw, Michigan. The site consists of 781 total square feet of building space and sits on 0.67 acres of land. The site will be subject to a 15-year absolute NNN sale-leaseback with a top operational franchisee with significant experience across multiple top brands. Starting in year one, the base rent shall be $72,000. The lease will call for 10% rental escalations each five year period during the base term and throughout each five-year period of the term.
The subject property is within close proximity to heavily frequented facilities in the area such as The Dow Event Center which can host up to 7,600 people, Ascension St. Mary’s Hospital, Saginaw Art’s and Sciences Academy with its 5,143 students, and the GM Powertrain with 369 employees.
The subject property is within close proximity to heavily frequented facilities in the area such as The Dow Event Center which can host up to 7,600 people, Ascension St. Mary’s Hospital, Saginaw Art’s and Sciences Academy with its 5,143 students, and the GM Powertrain with 369 employees.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
781 SF
Year Built
1995
Price
$1,200,000
Price Per SF
$1,536
Cap Rate
6%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.67 AC
Opportunity Zone
Yes
Zoning
Commercial
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03 0251 00000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $56,200 |
PROPERTY TAXES
Parcel Number
03 0251 00000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$56,200
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Checker's | 420 E Genesee Ave
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