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Red Lobster 29980 Plymouth Rd 8,141 sq ft Retail Property Livonia, MI 48150 £1,919,440 (£235.77/sq ft) 7.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Adjacent to High Performing Walmart Super Center
- Dense Retail Corridor
- Incredibly Dense Population
- Long-term, Absolute Triple-Net (NNN) Lease
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Red Lobster located at 29980 Plymouth Road, Livonia, MI 48150. The site consists of roughly 8,141 rentable square feet of building space on an estimated 1.94-acre parcel of land. This Red Lobster is subject to a --year Triple Net (NNN) lease, which commenced -. The current annual rent is $195,153 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Property Size
8,141 sq ft
Costar Property Class
B
Year Built
1987
Price
£1,919,440
Price per sq ft
£235.77
Yield
7.75%
NOI
£148,757
Tenancy
Single
Number of Floors
1
Plot ratio
0.10
Total Plot Size
1.94 ac
Use Class
C-2
Frontage
179 ft on Plymouth Rd
AMENITIES
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 46-104-99-0002-004 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £493,150 |
PROPERTY TAXES
Parcel Number
46-104-99-0002-004
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£493,150
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Robert Stein -
Andrew Darby -
Christopher Marks -
Surmount
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Red Lobster | 29980 Plymouth Rd
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