Turnkey Restaurant Business
For Sale
Contact for pricing
4880 Gratiot Rd, Saginaw, MI 48638
Well-known restaurant with comfortable environment and vast menu for sale.
Property Size2,400 SF
Price / SF$218.75
Days on Market1432
Property Features for 4880 Gratiot Rd
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Business for Sale, Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$191,000
Building Details
Year Built
2006
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CENTURY 21 Signature Realty
Listed By:
Kenneth Kujawa · License #6502333762
(989) 921-7000
Source:
Crexi
Added: Nov 17, 2022
Changed: Oct 1
Last Checked: Oct 19 at 4:58AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,039
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,780
$620.8K
Cap Rate 7%
$443,414
$443.4K
Cap Rate 9%
$344,878
$344.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$43.2K $18.00/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$41.4K $17.24/SF
− OpEx
−$10.3K −$4.31/SF
NOI
$31.0K $12.93/SF
Area
Saginaw County, MI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,780
Cap Rate 7%
$443,414
Cap Rate 9%
$344,878
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 39%
Home Improvements & Furnishings 2%
Shell
Shops & Services
9,140 visits/mo
0.2 miles
Beef 'O' Brady's
Dining
4,551 visits/mo
0.0 miles
PNC Bank
Shops & Services
2,718 visits/mo
0.4 miles
Hungry Howie's Pizza
Dining
1,937 visits/mo
0.1 miles
SUBWAY
Dining
1,219 visits/mo
0.0 miles
Demographics for 48638, MI
13,199
Population
6,479
Households
2
Avg Household Size
42
Median Age
36%
College-Educated
95%
High-School Grad
6.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$63,444
Median Household Income
$44,281
Median Earnings
$948
Median Rent
$161,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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
