Burger King NNN Property with
New
For Sale
$2,401,321
4626 Red Arrow Hwy, Stevensville, MI 49127
Freestanding restaurant remodeled in 2022 with a drive-through and a newly established long-term net lease.
Property Size3,942 SF
Lot Size1.30 Acres
Price / SF$609.16
Days on Market7
Property Features for 4626 Red Arrow Hwy
General Information
Standard status
Active
Size
3,942 SF
Lot size
1.30 Acres
Property subtype
Restaurant
Lease Type
NNN
Net Operating Income
$140,477
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.85%
Amenities
New 15-Year NNN Lease with Zero Landlord Responsibilities
Four (4) Five-Year Renewal Options, Up to 35 Years of Total Occupancy
Scheduled 10% Rent Increases Every Five Years
Guaranteed by Crown Hospitality Partners, Inc. (36-Unit Burger King Franchisee)
Recently Remodeled in 2022 on ±1.30 Acres w/ Drive-Thru
Red Arrow Highway (±15,450 VPD) Near Interstate 94 (±41,432 VPD) at Exit 23
Affluent 3-Mile Trade Area w/ $134,262 Average Household Income
Corewell Health St. Joseph Hospital (290+ Beds) and Lakeshore High School (800+ Students)
Building Details
Building Size
3,942 SF
Year Renovated
2022
Listing Agency:
Marcus & Millichap - Detroit
(310) 909-2394
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 19 at 5:05AM
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 Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
This freestanding Burger King restaurant encompasses ±3,942 square feet on ±1.30 acres and includes a drive-through. The building was remodeled in 2022 and is subject to a new 15-year NNN lease with four five-year renewal options. The lease assigns zero landlord responsibilities and provides 10% rent increases every five years. The property produces a 5.85% cap rate, while the lease guarantee is provided by Crown Hospitality Partners, Inc., a 36-unit Burger King franchisee.
The restaurant fronts Red Arrow Highway, which records ±15,450 VPD, and is near Interstate 94 at Exit 23, with ±41,432 VPD reported for the interstate. Nearby corridor businesses include Meijer, Tractor Supply, ALDI, Culver's, and Taco Bell. The surrounding 3-mile trade area includes 19,383 residents and an average household income of $134,262, with Corewell Health St. Joseph Hospital and Lakeshore High School among the nearby institutions.
The restaurant fronts Red Arrow Highway, which records ±15,450 VPD, and is near Interstate 94 at Exit 23, with ±41,432 VPD reported for the interstate. Nearby corridor businesses include Meijer, Tractor Supply, ALDI, Culver's, and Taco Bell. The surrounding 3-mile trade area includes 19,383 residents and an average household income of $134,262, with Corewell Health St. Joseph Hospital and Lakeshore High School among the nearby institutions.
Key Highlights
- ±3,942‑square‑foot freestanding Burger King restaurant on ±1.30 acres
- Remodeled in 2022 with an on‑site drive‑through
- New 15‑year NNN lease with 4 five‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
239k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Groceries 31%
Shops & Services 21%
Electronics 2%
Meijer
Groceries
75,095 visits/mo
0.5 miles
Culver's
Dining
26,973 visits/mo
0.2 miles
Meijer Gas Station
Shops & Services
26,183 visits/mo
0.3 miles
Cracker Barrel Old Country Store
Dining
18,619 visits/mo
0.1 miles
Shell
Shops & Services
17,800 visits/mo
0.2 miles
Demographics for 49127, MI
10,811
Population
5,043
Households
2.1
Avg Household Size
45
Median Age
47%
College-Educated
98%
High-School Grad
17.1 sq mi
ZIP Area
632
Density / Sq Mi
$96,781
Median Household Income
$44,903
Median Earnings
$1,103
Median Rent
$287,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding restaurant remodeled in 2022 with a drive-through and a newly established long-term net lease.
Where is this nnn property located?
The property is located at 4626 Red Arrow Hwy Stevensville, MI.
What is the asking price?
The asking price for this property is $2,401,321.
What are key features of this property?
This property features: ±3,942‑square‑foot freestanding Burger King restaurant on ±1.30 acres; Remodeled in 2022 with an on‑site drive‑through; New 15‑year NNN lease with 4 five‑year renewal options
