23594 HOOVER RD

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23594 HOOVER RD

WARREN, MI 48089-1945
Asking Price
$535K
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Attractive Owner-User or Investor Opportunity | Highly Visible Corner Location <ul><li>​Attractive Owner-User or Investor Opportunity | Priced at $535,000 | A 2,316 SF Free-Standing Restaurant Building on Approximately 0.5 Acres, Offered at $231/SF, Representing an Accessible Entry Point for an Owner-Operator or Value-Add Investor in a Proven Food Service Location</li><li>​Highly Visible Corner Location with Superior Access | Situated on a Corner Lot at Hoover Road and Belmont with Three Points of Ingress/Egress, Including Two Curb Cuts on Hoover Road and One on Belmont, P

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NOI
$80,000
Cap Rate
14.95%
DSCR
2.52
Strong
Cash-on-Cash
30.05%
Monthly Payment
$2,646.888
Annual Cash Flow
$48,237.343

Location & Travel Times