Turnkey Restaurant Business
4880 Gratiot Rd Saginaw, MI 48638
4880 Gratiot Rd, Saginaw, MI, 48638
Contact for pricing
For Sale
Contact for pricing
Well-known restaurant with comfortable environment and vast menu for sale.
Property Size2,400 SF
Price / SF$218.75
Days on Market1338
Property Features for 4880 Gratiot Rd
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 2006
Listing Agency
CENTURY 21 Signature Realty
(989) 921-7000
Listed by
Kenneth Kujawa · License #6502333762
Source
Crexi
Added: Nov 17, 2022 Checked: Jul 17 at 4:56 am
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 CENTURY 21 Signature Realty
Investment Insights
Based on property information with market context.
This is a turnkey restaurant business opportunity with excellent cash flow. The restaurant is well known in the area for its comfortable, family environment, vast menu, and wide beverage assortment. The property size is 2400 square feet. This offering is for the business only; the real estate is not included.
Key Highlights
- Excellent cash flow
- Turn key business opportunity
- Well known in the area
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $18.00 |
| − Vacancy | −$1.8k | −$0.76 |
| EGI | $41.4k | $17.24 |
| − OpEx | −$10.3k | −$4.31 |
| NOI | $31.0k | $12.93 |
2,400 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$443.4K
$388.0K – $517.3K
NOI $31,039 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Subway
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - Well-known restaurant with comfortable environment and vast menu for sale.
Where is this restaurant located?
The property is located at 4880 Gratiot Rd Saginaw, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Excellent cash flow; Turn key business opportunity; Well known in the area
