Drive-Through Restaurant
For Sale
Contact for pricing
5445 Beckley Road, Battle Creek, MI 49015
Built in 1996 with Beckley Road access and a drive-through configuration.
Property Size3,526 SF
Lot Size0.93 Acres
Price / SF$397.05
Days on Market11
Property Features for 5445 Beckley Road
General Information
Standard status
Active
Size
3,526 SF
Lot size
0.93 Acres
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
21,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1996
Buildings
1
Units
1
Listing Agency:
NAI Wisinski of West Michigan - Grand Rapids
(269) 459-0434
Listed By:
Dane Davis · License #MI 6504368846
Source:
Crexi
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 9 at 2:19PM
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 NAI Wisinski of West Michigan - Grand Rapids
Investment Insights
Based on property information with market context.
This drive-through restaurant property contains approximately 3,526 square feet on 0.926 acres and was built in 1996. The site includes a drive-through with entry and egress from Beckley Road, supporting convenient vehicle access for the existing restaurant configuration.
The property is positioned next to I-94, which carries an average of 46,000 vehicles per day. Beckley Road records more than 21,000 vehicles per day, while downtown Battle Creek is approximately four miles away and has a population exceeding 52,000. Nearby commercial destinations identified for the area include seven nationally flagged hotels, Chick-fil-A, McDonald's, Taco Bell, Burger King, Culver's, Target, Walmart Supercenter, Meijer, Lowe's, Menards, Best Buy, Horrocks, and regional shopping centers. The property address is 5445 Beckley Road, Battle Creek, MI 49015.
The property is positioned next to I-94, which carries an average of 46,000 vehicles per day. Beckley Road records more than 21,000 vehicles per day, while downtown Battle Creek is approximately four miles away and has a population exceeding 52,000. Nearby commercial destinations identified for the area include seven nationally flagged hotels, Chick-fil-A, McDonald's, Taco Bell, Burger King, Culver's, Target, Walmart Supercenter, Meijer, Lowe's, Menards, Best Buy, Horrocks, and regional shopping centers. The property address is 5445 Beckley Road, Battle Creek, MI 49015.
Key Highlights
- Approximately 3,526 square feet on 0.926 acres
- Drive‑through with entry and egress from Beckley Road
- I‑94 averages 46,000 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,218
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$784,360
$784.4K
Cap Rate 7%
$560,257
$560.3K
Cap Rate 9%
$435,756
$435.8K
Market Conditions
NOI Build-Up for 3,526 SF
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.
Gross rent
$54.6K $15.48/SF
− Vacancy
−$2.3K −$0.65/SF
EGI
$52.3K $14.83/SF
− OpEx
−$13.1K −$3.71/SF
NOI
$39.2K $11.12/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$784,360
Cap Rate 7%
$560,257
Cap Rate 9%
$435,756
Alternative Uses
Best Use
Specialty Retail
$560.3K
$490.2K – $653.6K
NOI $39,218 @ 7.0% cap · market cap 2.80%
Second Best
Retail
$522.9K
$457.5K – $610.1K
NOI $36,603 @ 7.0% cap · market cap 2.61%
Theoretical Best
Healthcare Medical
$41.83M
$36.60M – $48.80M
NOI $2,927,867 @ 7.0% cap · market cap 209.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 49015, MI
28,008
Population
12,522
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
91%
High-School Grad
27.2 sq mi
ZIP Area
1,030
Density / Sq Mi
$67,719
Median Household Income
$39,900
Median Earnings
$980
Median Rent
$171,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Built in 1996 with Beckley Road access and a drive-through configuration.
Where is this drive through restaurant located?
The property is located at 5445 Beckley Road Battle Creek, MI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 3,526 square feet on 0.926 acres; Drive‑through with entry and egress from Beckley Road; I‑94 averages 46,000 vehicles per day
