420 Genesee AveSaginaw, MI 48607

Property Details for 420 Genesee Ave

Year built

1995

Lot size

0.67 AC

Property size (Sq ft)

781 SF

Zone code

RMU

Property type

Other commercial real estate

APN

90-30-0-25-1000-000

APU

90300251000000

Description

This exceptional investment opportunity presents a 15-year absolute NNN sale-leaseback of a Checkers and Rally's restaurant located at 420 E. Genesee Ave, Saginaw, MI 48607. The property, built in 1995, encompasses 781 square feet on a 0.67-acre lot and boasts a 6.00% cap rate with a $72,000 annual net operating income (NOI). The single-tenant, fee-simple property is 100% occupied by a top-performing franchisee operating a total of 65 units, providing significant operational experience and a strong track record. The lease features four, five-year renewal options with a 10% rent increase every five years, ensuring consistent income growth. The property benefits from a hard-corner, lighted intersection location in a dense city corridor with strong office and residential presence, situated near key attractions like The Dow Event Center, Ascension St. Mary's Hospital, and the GM Powertrain facility. The asking price is $1,200,000, translating to $1,536.49 per square foot. This is a rare opportunity to acquire a stable, high-performing QSR investment with long-term lease security and significant upside potential. The property is zoned commercial and features a single-story building.

• Alternative Use

  Use

  Valuation

  Residential

  $153,033

  Hospitality

  $140,177

  Educational

  $116,626

  Medical

  $120,637

  Retail

  $181,418

Location Insight

City

Saginaw

County

Saginaw

State

Michigan

Latitude

43.4322

Longitude

-83.9361

CBSA code

40980

CBSA name

SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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