Freestanding NNN Restaurant with
New
For Sale
$2,333,947
903 Spruce St, Dowagiac, MI 49047
Remodeled in 2022 and backed by a new long-term NNN lease with renewal options.
Property Size3,859 SF
Lot Size1.47 Acres
Price / SF$604.81
Days on Market4
Property Features for 903 Spruce St
General Information
Standard status
Active
Size
3,859 SF
Lot size
1.47 Acres
Property subtype
Restaurant
Lease Type
NNN
Site & Location
Drive-Thru
Yes
Traffic Count
10,711 vehicles/day
Additional Details
Cap Rate
5.9%
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 ±1.47 Acres w/ Drive-Thru
Spruce Street/M-51 (±10,711 VPD) Primary Commercial Corridor
100+ New Housing Starts Citywide and 617,000 SF Digital Farms Technology Campus
Building Details
Building Size
3,859 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 8
Changed: Aug 11
Last Checked: Aug 11 at 4:41AM
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 at 903 Spruce Street includes a drive-through and approximately 3,859 square feet of building area on approximately 1.47 acres. The property underwent remodeling in 2022 and is subject to a new 15-year NNN lease with four five-year renewal options. The lease provides for 10% increases every five years and carries a 5.90% cap rate. Crown Hospitality Partners, Inc., a 36-unit Burger King franchisee, guarantees the lease, which assigns no landlord responsibilities under the stated structure.
The site fronts Spruce Street/M-51, Dowagiac’s primary commercial corridor, with approximately 10,711 VPD. Nearby businesses include Family Fare, McDonald’s, Tractor Supply, and AutoZone. The surrounding 10-mile trade area includes 29,942 residents and is supported by Southwestern Michigan College and Dowagiac Union High School.
The site fronts Spruce Street/M-51, Dowagiac’s primary commercial corridor, with approximately 10,711 VPD. Nearby businesses include Family Fare, McDonald’s, Tractor Supply, and AutoZone. The surrounding 10-mile trade area includes 29,942 residents and is supported by Southwestern Michigan College and Dowagiac Union High School.
Key Highlights
- Freestanding Burger King with drive‑through at 903 Spruce St, Dowagiac, MI 49047
- ±3,859‑square‑foot restaurant on ±1.47 acres
- New 15‑year NNN lease with four (4) five‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
10,711 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 49047, MI
14,541
Population
8,205
Households
1.8
Avg Household Size
41
Median Age
21%
College-Educated
89%
High-School Grad
119.3 sq mi
ZIP Area
122
Density / Sq Mi
$55,469
Median Household Income
$38,033
Median Earnings
$750
Median Rent
$182,000
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?
NNN property - Remodeled in 2022 and backed by a new long-term NNN lease with renewal options.
Where is this nnn property located?
The property is located at 903 Spruce St Dowagiac, MI.
What is the asking price?
The asking price for this property is $2,333,947.
What are key features of this property?
This property features: Freestanding Burger King with drive‑through at 903 Spruce St, Dowagiac, MI 49047; ±3,859‑square‑foot restaurant on ±1.47 acres; New 15‑year NNN lease with four (4) five‑year renewal options
