22250 Eureka Rd Taylor, MI 48180-5233

Property Details for 22250 Eureka Rd

Year built

1974

Lot size

1.47 lot acres

Property size

5,904 SF

Zone code

B-2

Property type

Turn key restaurants

APN

60 072 99 0022 002

APU

60072990022002

Description

This exceptional investment opportunity features a brand-new, single-tenant Chick-fil-A restaurant located at 22250 Eureka Rd, Taylor, MI 48180. The property boasts a 15-year absolute NNN ground lease with a corporate guarantee, providing significant security and passive income potential. The 4,995 square foot building, constructed in 2024, sits on a 1.47-acre lot within a thriving retail corridor experiencing high vehicular traffic (54,000+ vehicles per day). The lease includes twelve, five-year options to extend, with attractive 7.5% rent bumps every five years. The property's strategic location within the Southland Shopping Center outlot is surrounded by major retailers such as Kohl's, Sephora, and Macy's, ensuring high visibility and consistent customer traffic. The surrounding area demonstrates strong demographics, with a three-mile population exceeding 67,000 residents and an average household income exceeding $70,013. The median home value within five miles surpasses $140,000, further solidifying the location's desirability. The property offers a compelling 4.55% cap rate and a net operating income (NOI) of $175,000, making it an ideal investment for those seeking a stable, high-performing asset in a prime location. The asking price is $3,846,154, representing a price per square foot of $770. This is a fee simple ownership opportunity.

Location Insight

City

Taylor

County

Wayne

State

Michigan

Longitude

-83.2508

Latitude

42.1985

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments