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Applebee's Ground Lease - Walmart Supercenter Outparcel

8025 Twelve Mile Road, Warren, MI 48093

  • For Sale $1,500,000
  • Property Type Retail - Freestanding
  • Property Size 5,500 Sqft
  • Date Updated May 13, 2021
Outparcel to Walmart Supercenter at the NEC of E Twelve Mile Road and Van Dyke Avenuw
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Location

  • City Warren, MI
  • Neighborhood Downtown Warren
  • Zip Code 48093
  • Market Detroit

Contacts

Daniel Earles

Tampa

(813) 424-2500

Highlights

  • The Property was built and initially occupied in 1996 by Applebee’s and recently renovated in 2014
  • Largest casual dining restaurant in U.S.
  • Over 16 years left on the lease; four 5-year options
  • 10% rent increases every 5 years
  • Outparcel to brand new Walmart (opened in 2014)
  • Multi-tenant franchisee
  • 3–Mile Population: 107,417
  • 3–Mile Average Household Income: $59,017
  • Traffic Count: 49,400 AADT (Van Dyke Avenue)

Frequently Asked Questions

What is the lease rate for Applebee's Ground Lease - Walmart Supercenter Outparcel?

Rental asking rate at Applebee's Ground Lease - Walmart Supercenter Outparcel is Contact Broker per square foot.

What is the total square footage of Applebee's Ground Lease - Walmart Supercenter Outparcel?

Applebee's Ground Lease - Walmart Supercenter Outparcel totals 5,500 square feet.

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Attachments

Contact Listing Broker

Daniel Earles

Tampa

(813) 424-2500

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