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17410 ECORSE RD
ALLEN PARK, MI 48101
Asking Price
$491K
Cap Rate
6.25%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
"NNN" GROUND LEASE BIGGBY COFFEE w/ DRIVE THRU | ANNUAL RENT INCREASES <ul><li>Single Tenant Net Lease Biggby Coffee with Drive-Thru, Situated on ±0.27 Acres in a High-Traffic Retail Corridor</li><li>Absolute NNN Ground Lease - Zero Landlord Responsibilities</li><li>Brand New 10-Year Lease with Approximately 9 Years of Firm Term Remaining</li><li>Attractive Annual Rental Increases of 2% or CPI, Whichever is Greater</li><li>Strong Franchisee Commitment with Personal Guarantee</li><li>Strategically Located Along Ecorse Road with Excellent Access to Telegraph Ro
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NOI
$80,000
Cap Rate
16.28%
DSCR
2.74
Strong
Cash-on-Cash
34.47%
Monthly Payment
$2,431.535
Annual Cash Flow
$50,821.576
