2020 Saginaw Rd Midland, MI 48640-6817
Property Lookup
Property profile & analytics
2020 Saginaw Rd Midland, MI 48640-6817
- Drive through restaurants
- 594 SF
- 0.46 lot acres
Property ID
US43-2199346
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Rally's / Restaurant / Take-out & Catering
Property Details for 2020 Saginaw Rd
- Year built
- 1992
- Lot size
- 0.46 lot acres
- Property size
- 594 SF
- Zone code
- RC
- Property type
- Drive through restaurants
- APN
- 14-15-40-370
- APU
- 141540370
Description
This exceptional investment opportunity presents a 15-year absolute NNN sale-leaseback of a Checkers/Rally's restaurant located at 2020 S Saginaw Rd, Midland, MI 48640. The property, built in 1994, encompasses 594 square feet on a 0.46-acre lot in a high-traffic retail corridor. The single-story building benefits from a hard-corner, lighted intersection location and highway exit-ramp visibility. The current tenant, a top-performing franchisee with extensive experience, operates a total of 65 units. The sale price is $1,600,000, representing a $2,693.60 price per square foot and a 6.00% cap rate. The initial annual net operating income (NOI) is $96,000, with 10% rent escalations every five years throughout the 15-year lease term, which includes four, 5-year renewal options. The property's strategic location is surrounded by major national retailers and enjoys proximity to significant employment centers, including the Dow Michigan Operations facility and Davenport University. This fee-simple ownership offers a stable, long-term investment with a strong tenant and excellent location. The property is zoned commercial and boasts 100% occupancy. This is a rare opportunity to acquire a well-established, high-performing QSR property with a secure, long-term lease.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Michigan
- Longitude
- -84.2124
- Latitude
- 43.6125
- CBSA code
- 33220
- CBSA name
- MIDLAND, MI MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$5,868
$0.00
$0.00
$122,000
-
$0.00
$0.00
$244,000
