Operating on New Rare 12-Year Double-Net (NN) Lease with Corporate Guarantee
Rent Increases Every Five Years Including Four Renewal Option Periods
Brand New 2021 Prototype Design Equipped with Drive-Thru Window - “Chipotlane” Restaurant Concepts Generate 10% More in Sales
High Income and Populous Area with Average Annual Household Income over $123,000 within 1 Mile of Subject Property and 368,054 Residents within a 5-Mile Radius
Centrally Located in Heart of Downtown Royal Oak - Just One Mile From The Detroit Zoo, Michigans Largest Tourist Destination
High Visibility on Signalized Hard Corner of 11 Mile & Washington Ave (22,000+ CPD)
Surrounded by National Retailers - Meijer, Starbucks, Walgreens, Panda Express, Panera, T-Mobile, LA Fitness, McDonald’s, Jimmy John’s, Taco Bell, Burger King, Verizon, CVS, Chase Bank and More
Immediate Connections to Walter P. Reuther Fwy 696 (130,693 CPD) and M-1 Hwy / Woodward Ave (42,561 CPD)