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$250,000 For Sale

6660 Lewis Avenue
Bedford Twp, MI 48182


2,800 sq ft

Commercial: Commercial - MLS# 218059089
Property Photo

Description

Well established diner located on a high traffic road in Temperance, MI. This business is the anchor in a newer built retail strip, and has upgraded construction throughout. Counter and table tops are granite, chairs and booth are premium brand, and all of the equipment is owned, well maintained and in great condition. The interior features a 32 person banquet room, as well as a catering van that can be included in the sale. There is a premium POS system that allows adaptive online ordering, and is included in the sale. Positive cash flow and NOI are very good. The lease is below market value per square foot, and is a gross modified (no NNN), so any potential lessees will be taking over a very competitive lease rate for the area. Lease is until 2025 with options. Lewis Ave. sees 20,000 cars daily according to MDOT. Seller will provide 2 months hands on training and Support for up to 6 months. This is a turn key business, ready for you to run from the day you take possession.

Features

  • Architecture Level: 1 Story
  • Commercial Type: Commercial
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Foundation Materials: Poured
  • Frontage Feet: 600
  • Gross Scheduled Income: 250000.00
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Listing Financing: Cash, Conventional, Net Lease
  • Lot Dimensions: 600x400x600x400
  • Monthly Sales: 20000
  • Net Operating Income: 150000.00
  • Operating Expense: 100000.00
  • Originating MLS: Realcomp Ii Ltd
  • Ownership Status: Private Owned, Short Sale - No
  • Road Frontage Type: Class A
  • School District: Bedford
  • Sewer: Sewer-Sanitary
  • Sqft Main: 2800
  • Sqft Source: Public
  • Water Source: Municipal Water
  • Zoning: Commercial
  • Sub Type: Commercial
  • Year Built: 2008

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