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    FOR SALE
    Commercial real estate

    837 W Chicago Blvd, Tecumseh, MI 49286

    2,934 SF 0.9 ac lot Built 1999
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US43-0762213
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1999
    Total area 2,934 SF
    Lot 0.9 ac (39,204 SF)
    Zoning code B-3
    APN XT0-133-1250-00
    UPID US43-0762213
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    John D Stithem · 2 yrs held
    John D Stithem
    since 2023
    2 recorded transactions
    2023
    2012
    Zoning & alternative use
    B-3 · Tecumseh, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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