1917 Pipestone Rd Benton Harbor, MI 49022-2314

Property Details for 1917 Pipestone Rd

Lot size

1.71 lot acres

Property type

Commercial real estate

APN

03-6010-0005-02-0

APU

360100005020

Description

This exceptional investment opportunity presents the chance to acquire a brand-new, 5,812 square foot Chick-fil-A restaurant in Benton Harbor, Michigan. Situated on a 1.73-acre lot at 1917 Pipestone Rd (49022), this single-story building boasts 88 parking spaces and benefits from a prime location within a dense retail trade area. The property features a 15-year absolute NNN lease with a corporate guarantee from Chick-fil-A, Inc., providing significant financial security. The lease includes 12 five-year renewal options, each with a 7.50% rent increase at the beginning of the term, ensuring consistent income growth and inflation protection. The property's strong location is further enhanced by its proximity to major shopping centers like Pipestone Plaza, Fairplain Plaza, and Orchards Mall, as well as national retailers such as Home Depot, ALDI, Meijer, Lowe's, Walmart, and Kohl's. The surrounding area also includes numerous residential communities, providing a substantial and readily accessible customer base. The 5-mile trade area boasts over 48,500 residents and 31,800 daytime employees, with an average household income of $90,176. The property's strategic placement along Pipestone Road, with excellent visibility and access to Interstate 94, ensures high traffic volume. The asking price is $1,882,000, representing a 4.25% cap rate and a current NOI of $80,000. The property is zoned commercial and was built in 2024. This is a truly exceptional, management-free investment opportunity with significant long-term potential. The ground lease is included in the sale. APN: 11-03-6010-0005-02-0.

Location Insight

City

Benton Harbor

County

Berrien

State

Michigan

Longitude

-86.4195

Latitude

42.086

CBSA code

35660

CBSA name

NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments