This property is Off Market.
Beau Beach, CCIM presents:
Seller is retiring. $172,000 price drop to ensure a timely sale! 9.84% cap rate! Don’t miss this opportunity. Motivated seller.
Perfect 1031 Exchange property. FULL PERSONAL GUARANTEE in addition to a full corporate guarantee.
Absolute NNN leased Freakin’ Unbelievable Burgers, a 3,448 SF free standing building in Flint, Michigan. This flagship restaurant concept is located on the pad of the 95,000 SF West Acres Commons shopping center. West Acres is located at the major intersection of South Linden and Corunna Road. The property is less than a half mile from Walmart Supercenter, Sam’s Club, Lowe’s, Home Depot, Walgreens’s and Rite Aid.
In 2008, a Fazoli franchisee for eastern Michigan executed a 15 year absolute net lease expiring in 2024. In 2012, the restaurant reopened as Freakin’ Unbelievable Burgers (FUB) after an extensive building renovation. This created a brand new restaurant concept from the same ownership.
There are 6 years left on the lease with four five-year renewal options available. The tenant has operated casual dining restaurants throughout Michigan for over 16 years.
FUB’s menu centers around burgers made with certified angus beef, served on a Detroit-made, brioche-style bun, with a selection of 44 toppings. Customers can also choose from ground turkey, grilled chicken and grilled or deep-fried Portobello mushrooms. Sides include french fries, sweet potato fries, fried pickles and fried beans. Shortly after opening, the restaurant was named one of the Top New Burger Joints in North America by Burger Business, a national business publication.
FUB has since opened a second unit in Louisville, KY. Each location features cutting edge technology and new customization options for guests. FUB has also introduced gluten free buns, fresh never frozen black bean burgers featuring fresh cilantro, black beans and roasted corn salsa and a salmon burger. The selection of regional craft beers both on tap and by the bottle has also been expanded. Company owned store expansion is expected followed by a franchise program.
Located just 50 miles north of suburban Detroit, Flint is a market with a population of over 102,000 people, making it the 7th largest city in Michigan. A diverse population base drives a retail market that initially grew from Flint’s position as the original home of GM’s Buick brand. Flint is located in Genesee County, population 425,000.
- Price: $749,000
- Area: .82 acres
- Phone Number: 414-324-4938
- Space (s.f.): 3,448 SF