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    837 Chicago Blvd Tecumseh, MI 49286

    Sponsored
    For Sale
    $1,100,000

    High-yield, NNN-leased QSR property.

    Property size:
    2,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple ownership of a 2,850 square foot Burger King restaurant located at 837 W Chicago Blvd, Tecumseh, MI 49286. Built in 2002, this Class A property boasts a strong 6-year remaining lease term with a corporate guarantee from Carroll's, featuring 1% annual rent bumps. The absolute NNN lease structure eliminates landlord responsibilities, providing a passive income stream. The property enjoys a prime location on W. Chicago Blvd, a high-traffic area with over 27,000 vehicles daily, and benefits from its proximity to Tecumseh High School (a new $33 million state-of-the-art facility with over 1,000 students). The 0.9-acre lot includes 25 parking spaces. The property's strong performance is reflected in its 6.15% cap rate and $67,639 NOI. The asking price is $1,100,000 ($385.96/sq ft). Surrounding businesses include CVS, Speedway, Tim Horton's, McDonald's, and many other national retailers. The B-3 zoning and strong demographics (average household income exceeding $98,000 within a 3-mile radius) further enhance the investment potential of this turnkey operation. The property is currently 100% occupied.

    Property Features for 837 Chicago Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    2,850 SF
    Class
    A
    Lot Size
    39,204 SF

    Building Details

    Year Built
    2002

    HighLights

    • Triple Net (NNN) lease; no landlord responsibilities.
    • 2,850 square foot building with drive‑thru.
    • Strong year‑over‑year sales growth.
    • Corporate guarantee from Carroll's.
    • 14‑year remaining lease term (original term 20 years).
    • High visibility and frontage on West Chicago Boulevard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tecumseh
    County
    Lenawee
    State
    Michigan
    Longitude
    -83.959581071697
    Latitude
    42.005695111444

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    FAQs

    What type of property is this?
    Restaurant - High-yield, NNN-leased QSR property.
    Where is this restaurant located?
    The property is located at 837 Chicago Blvd Tecumseh, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Triple Net (NNN) lease; no landlord responsibilities.; 2,850 square foot building with drive-thru.; Strong year-over-year sales growth.
    Request Owner's contact information
    837 Chicago Blvd Tecumseh, MI 49286
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    837 Chicago Blvd Tecumseh, MI 49286
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