837 Chicago Blvd Tecumseh, MI 49286
- Commercial real estate
- 2,934 SF
- 0.90 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 837 Chicago Blvd
- Year built
- 1999
- Lot size
- 0.90 lot acres
- Property size
- 2,934 SF
- Zone code
- B-3
- Property type
- Commercial real estate
- APN
- XT0-133-1250-00
- APU
- XT0133125000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tecumseh
- County
- Lenawee
- State
- Michigan
- Longitude
- -83.9596
- Latitude
- 42.006
- CBSA code
- 10300
- CBSA name
- ADRIAN, MI MICROPOLITAN STATISTICAL AREA
