Drive-Through
New
For Sale
$1,250,000
4045 Grange Hall Rd, Holly, MI 48442
The 3,356-square-foot property includes a drive-through lane for restaurant service.
Property Size3,356 SF
Price / SF$372.47
Days on Market2
Property Features for 4045 Grange Hall Rd
General Information
Standard status
Active
Size
3,356 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Additional Details
Cap Rate
7.02%
Drive-Thru
Yes
Amenities
Over 6 years remaining on corporate lease
Absolute NNN lease with 10% fixed rent increases every 5 years
Tenant closed down business July, 2026 and has offered to pay money if lease could be terminated early
Ideal owner/user opportunity or for an "add value" investor
Building Details
Building Size
3,356 SF
Listing Agency:
Palo Alto Office
Listed By:
Steve Sauter · License #License(s): CA: 01084092
(650) 391-1803
Source:
Marcusmillichap
Added: Nov 1
Last Checked: Nov 1 at 3:02PM
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 Palo Alto Office
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Investment Insights
Based on property information with market context.
Located at 4045 Grange Hall Rd in Holly, Michigan, this 3,356-square-foot property is an existing fast-food restaurant with a drive-through lane. The property is offered for sale.
Key Highlights
- 3,356‑square‑foot fast‑food restaurant
- Equipped with a drive‑through lane
- 4045 Grange Hall Rd, Holly, MI 48442
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,670
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,400
$1.0M
Cap Rate 7%
$723,857
$723.9K
Cap Rate 9%
$563,000
$563.0K
Market Conditions
NOI Build-Up for 3,356 SF
Gross rent
$72.5K $21.60/SF
− Vacancy
−$4.9K −$1.47/SF
EGI
$67.6K $20.13/SF
− OpEx
−$16.9K −$5.03/SF
NOI
$50.7K $15.10/SF
Area
Oakland County, MI
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,400
Cap Rate 7%
$723,857
Cap Rate 9%
$563,000
Alternative Uses
Best Use
Specialty Retail
$723.9K
$633.4K – $844.5K
NOI $50,670 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
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
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
98k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 30%
Home Improvements & Furnishings 6%
Apparel 5%
McDonald's
Dining
21,936 visits/mo
0.2 miles
Mobil
Shops & Services
13,518 visits/mo
0.1 miles
Taco Bell
Dining
12,546 visits/mo
0.1 miles
Wendy's
Dining
9,771 visits/mo
0.1 miles
Tim Hortons
Dining
7,249 visits/mo
0.0 miles
Demographics for 48442, MI
21,803
Population
9,722
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
85.9 sq mi
ZIP Area
254
Density / Sq Mi
$80,281
Median Household Income
$50,769
Median Earnings
$1,243
Median Rent
$252,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The 3,356-square-foot property includes a drive-through lane for restaurant service.
Where is this drive through restaurant located?
The property is located at 4045 Grange Hall Rd Holly, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,356‑square‑foot fast‑food restaurant; Equipped with a drive‑through lane; 4045 Grange Hall Rd, Holly, MI 48442
