Hangry Joe’s Hot Chicken
2457 W Hill Road, Flint, MI 48507
For Sale
New
$350,000
An operating franchise restaurant with equipment included and rights to develop two additional stores in Genesee County.
Property Size1,600 SF
Price / SF$218.75
Days on Market1
Property Features for 2457 W Hill Road
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Traffic Count
Highway Access
Additional Details
Business Included
Equipment Included
Currently Operating
Building Details
Building Size
Year Built
Listing Agency:
The Agency of Gateway
Listed By:
Thomas Joubran
Source:
Homeflexrealty
Added: Nov 10
Last Checked: Nov 10 at 2:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency of Gateway
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Investment Insights
Based on property information with market context.
The sale includes the Hangry Joe’s Hot Chicken restaurant, its equipment, and a franchise agreement covering the right to open two more stores in Genesee County. The restaurant has been open for one year. The building was constructed in 2006 and contains 1,600 square feet, with Commercial zoning.
At 2457 W Hill Road in Mundy Township, the property is across the street from Meijer and within minutes of I-75 and less than five minutes from I-475. The reported daily traffic count on Hill Road is more than 14,000 vehicles. Costco, LaFontaine Ford, and LaFontaine Lincoln are among the area’s recent commercial additions. Nearby office space is identified as a source of daytime restaurant sales.
At 2457 W Hill Road in Mundy Township, the property is across the street from Meijer and within minutes of I-75 and less than five minutes from I-475. The reported daily traffic count on Hill Road is more than 14,000 vehicles. Costco, LaFontaine Ford, and LaFontaine Lincoln are among the area’s recent commercial additions. Nearby office space is identified as a source of daytime restaurant sales.
Key Highlights
- Franchise agreement includes rights to open 2 additional stores in Genesee County
- 1,600‑square‑foot restaurant with equipment included in the sale
- Operating as Hangry Joe’s Hot Chicken for one year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,187
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,740
$283.7K
Cap Rate 7%
$202,671
$202.7K
Cap Rate 9%
$157,633
$157.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$23.0K $14.40/SF
− Vacancy
−$4.1K −$2.58/SF
EGI
$18.9K $11.82/SF
− OpEx
−$4.7K −$2.96/SF
NOI
$14.2K $8.87/SF
Area
Genesee County, MI
Vacancy
17.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,740
Cap Rate 7%
$202,671
Cap Rate 9%
$157,633
Alternative Uses
Best Use
Specialty Retail
$202.7K
$177.3K – $236.5K
NOI $14,187 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.7K
$294.6K – $392.8K
NOI $23,568 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
48k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Hotels & Casinos 11%
Shops & Services 11%
Electronics 2%
Starbucks
Dining
9,644 visits/mo
0.1 miles
Tim Hortons
Dining
8,579 visits/mo
0.1 miles
Taco Bell
Dining
8,400 visits/mo
0.0 miles
Arby's
Dining
7,602 visits/mo
0.2 miles
Chase Bank
Shops & Services
5,242 visits/mo
0.1 miles
Demographics for 48507, MI
30,149
Population
13,923
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
22.1 sq mi
ZIP Area
1,364
Density / Sq Mi
$47,165
Median Household Income
$31,346
Median Earnings
$923
Median Rent
$101,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Genesee County, MI
Properties on Market for Conventional restaurants in Genesee County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An operating franchise restaurant with equipment included and rights to develop two additional stores in Genesee County.
Where is this conventional restaurant located?
The property is located at 2457 W Hill Road Flint, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Franchise agreement includes rights to open 2 additional stores in Genesee County; 1,600‑square‑foot restaurant with equipment included in the sale; Operating as Hangry Joe’s Hot Chicken for one year
