Drive-Through Restaurant
New
For Sale
$1,400,000
5445 Beckley Rd, Battle Creek, MI 49015
Existing restaurant site with a drive-through and convenient access from Beckley Road.
Property Size3,526 SF
Price / SF$397.05
Days on Market2
Property Features for 5445 Beckley Rd
General Information
Standard status
Active
Size
3,526 SF
Building Details
Year Built
1996
Listing Agency:
NAI Wisinski of West Michigan
Listed By:
Dane L Davis · License #6504368846
(269) 459-0434
Source:
Katie-k
Added: Sep 7
Last Checked: Sep 7 at 3:21PM
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
Investment Insights
Based on property information with market context.
This restaurant property contains approximately 3,526 square feet on 0.926 acres and includes a drive-through component. The site was built in 1996 and is configured for vehicle-oriented restaurant operations, with entry and exit access from Beckley Road.
The property sits along I-94, the highway connecting Chicago and Detroit, where traffic averages 46,000 vehicles per day. Beckley Road records more than 21,000 vehicles per day. Downtown Battle Creek is approximately four miles away and has a population exceeding 52,000.
The surrounding commercial area includes seven nationally flagged hotels and retailers and restaurants such as Chick-fil-A, McDonald's, Taco Bell, Burger King, Culver's, Target, Walmart Supercenter, Meijer, Lowe's, Menards, Best Buy, and Horrocks, along with regional shopping centers. The Walmart is the only location within 15 miles and records an estimated 1.75 million visits in the LTM.
The property sits along I-94, the highway connecting Chicago and Detroit, where traffic averages 46,000 vehicles per day. Beckley Road records more than 21,000 vehicles per day. Downtown Battle Creek is approximately four miles away and has a population exceeding 52,000.
The surrounding commercial area includes seven nationally flagged hotels and retailers and restaurants such as Chick-fil-A, McDonald's, Taco Bell, Burger King, Culver's, Target, Walmart Supercenter, Meijer, Lowe's, Menards, Best Buy, and Horrocks, along with regional shopping centers. The Walmart is the only location within 15 miles and records an estimated 1.75 million visits in the LTM.
Key Highlights
- Approximately 3,526‑square‑foot restaurant property on 0.926 acres
- Drive‑through with entry and egress from Beckley Road
- I‑94 traffic 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
—
—
no second resolved use
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
293k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 34%
Superstores 5%
Apparel 3%
Culver's
Dining
30,572 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
30,216 visits/mo
0.2 miles
Sam's Club Gas Station
Shops & Services
27,793 visits/mo
0.5 miles
McDonald's
Dining
23,272 visits/mo
0.5 miles
Starbucks
Dining
19,443 visits/mo
0.5 miles
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
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Existing restaurant site with a drive-through and convenient access from Beckley Road.
Where is this drive through restaurant located?
The property is located at 5445 Beckley Rd 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‑foot restaurant property on 0.926 acres; Drive‑through with entry and egress from Beckley Road; I‑94 traffic averages 46,000 vehicles per day
