Net Lease V Michigan

Boulder Group sells well-located Arby's restaurant in Michigan

Boulder Group sells Arby's in Michigan,ph01

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single-tenant net-lease Arby’s restaureant at 3100 E. Holland Road in Saginaw, Michigan, for $741,935.

The 2,028-square-foot Arby’s is positioned along East Holland Road (M–46), an east-west state highway that experiences traffic counts in excess of 22,700 vehicles per day. The property is also less than one-mile west of Interstate-75 with direct on and off access to the approximate 72,500 vehicles per day.

National retailers in the immediate area include Advance Auto Parts, PNC Bank, Speedway, McDonald’s, Burger King and a number of Hotels. Nexteer Automotive, a global manufacturer of steering and driveline products with more than 10,000 employees, has its North America division headquarters less than one-mile east of the property.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was an East Coast real estate investment company, while the purchaser was a Northeast-based real estate investor.

The Arby’s Restaurant recently executed a new 10-year lease expiring in April of 2027. The lease features 3 percent rental escalations in year five and nine of the primary term and in the four 5-year renewal option periods.