Property profile

700 S Lapeer Rd Lake Orion, MI 48362

FOR SALE
Turn key restaurants
Property ID
US43-Q010265
1,058 SF Built 1986
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Property summary

AI-generated overview

HIGHLY SUCCESSFUL TUBBY'S SUB FRANCHISE SHOP, PRIME LOCATION IN DOWNTOWN LAKE ORION ON LAPEER RD, VERY PROFITABLE, EASY TO OPERATE, LOW OVERHEAD. 18 YEARS IN BUSINESS GROSSING $25,000 A MONTH, RENT AND EXPENSES $4,350 INCLUDES ALL THE UTILITIES. WITH DINING AREA OF 16 SEATS. LOTS OF ROOM FOR GROWTH IN CATERING AND PARTY BUSINESS. INVENTORY ABOUT $5,000. BUSINESS HOURS 10-9 MONDAY THROUGH SATURDAY SUNDAY 11-7. SUPPORT AND TRAINING BY TUBBY'S CORPORATE OFFICE. PLEASE DO NOT APPROACH ANY EMPLOYEES FOR INFORMATION. CALL AGENT FOR MORE INFORMATION. MOTIVATED SELLER, BUYERS MUST BE ACCOMPANIED BY SHOWING AGENT AT ALL TIMES.

Property profile

Verified
Property type Turn key restaurants
Year built 1986
Total area 1,058 SF
UPID US43-Q010265

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • (Bike/Boat/Book/etc) Store

Location

700 S Lapeer Rd Lake Orion, MI 48362
Lake Orion metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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