Birch Run/I-75 Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30233944
Property Subtypes: Free-Standing Building
Building Size (RSF): 9,450 SF
Sale Price: $1,500,000
Unit Price: $158.73 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 9,450 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/12/2019

Overview / Comments

Iconic and strategically located restaurant on Birch Run Rd directly East of the I-75 location. All the ingredients for a high volume restaurant. One of the busiest interchanges off the I-75 corridor from Michigan to Florida. This major expressway exit to Frankenmuth, Mi, has over 5,000,000 visitors annually. One of Michigan's top 3 tourist destinations. Birch Run Prime Outlet is the top outlet location in Michigan and a major tourist destination for many Canadian and senior tour buses. The Birch Run exit is known very well as a valued exit for many Michiganders who travel from the seven Southeast counties of Metropolitan Detroit on there pilgrimage to the beautiful lakes and streams of Northern Michigan.

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Tax ID/APN: 05106213031000
Retail Clientele: Other
Property Located Between: I-75 and Dixie Hwy
Largest Nearby Street: I-75
Highway Access: Immediately adjacent to I-75 Exit 136
Site Description: Long term family run location with kitchen, coolers, Ansel system, and ventilation in place.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,033 17,527
Median Age: 41 41.45
Households: 2,355 6,619
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