Cottage Inn

For Sale

4390 Concourse Drive, Ann Arbor, MI 48108

This Ann Arbor property for sale is located at 4390 Concourse Drive. The current listed sale price for Cottage Inn is $4,285,715. Cottage Inn is situated on a lot that is 2.66 acre in size.

Contacts

broker

Sal Yaldo

Encore Real Estate Investment Services

(248) 702-0940

Property Details

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 28,500 SF
  • Lot Size 2.66 Acre
  • Year Built 2001
  • Date Updated Feb 26, 2024
  • HVAC None
Ann Arbor is many things, including a bustling university town, culinary hotspot, and a tech hub with a walkable downtown that includes world-class arts and culture. Located in southeast Michigan's Lower Peninsula, Ann Arbor lies at the center of a greater collection of communities in Washtenaw County. With so many thriving communities nearby, Ann Arbor has become a cultural melting pot and urban oasis. Ann Arbor is located in, and the county seat of Washtenaw County. The 2020 census recorded its population to be 123,851, making it the fifth-largest city in Michigan. It is the principal city of the Ann Arbor Metropolitan Statistical Area, which encompasses all of Washtenaw County. Ann Arbor is also included in the larger Greater Detroit Combined Statistical Area. The University of Michigan shapes Ann Arbor's economy significantly. The University enrolls approximately 48,000 students annually. It employs about 30,000 workers, including about 12,000 in the medical center. The university consists of nineteen colleges and offers degree programs at undergraduate, graduate and postdoctoral levels in some 250 disciplines. Michigan also affiliates with two regional universities located in Flint and Dearborn and operates a center located in Detroit. Other employers are drawn to the area by the university's research and development money, and by its graduates. High tech, health services and biotechnology are other major components of the city's economy; numerous medical offices, laboratories, and associated companies are located in the city. Automobile manufacturers, such as General Motors and Visteon, also employ residents. Domino's Pizza's headquarters is near Ann Arbor on Domino's Farms, a 271-acre Frank Lloyd Wright-inspired complex just northeast of the city. Another Ann Arbor-based company is Zingerman's Delicatessen, which serves sandwiches and has developed businesses under a variety of brand names. Flint Ink Corp., another Ann Arbor-based company, was the world's largest privately held ink manufacturer until it was acquired by Stuttgart-based XSYS Print Solutions in October 2005. Avfuel, a global supplier of aviation fuels and services, is also headquartered in Ann Arbor. Aastrom Biosciences, a publicly traded company that develops stem cell treatments for cardiovascular diseases, is also headquartered in Ann Arbor..

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Highlights

  • Absolute NNN Sale Leaseback | 10-Year Lease Commences at Close of Escrow
  • Corporate Headquarters | Building Comprised of Office Space, Test Kitchen, Freezers and Warehouse Space
  • Lease Supports Four, 5-Year Options with Strong 10% Rent Increase in Year 6 and in Each Option
  • Minutes From the Heavily Traveled I-94 With Traffic Counts of 100K+ VPD
  • Situated 15 Minutes Away From the University Of Michigan With a Total Enrollment of Over 50,000 Students in 2022 and 30,000 Employees
  • Capital Improvements of $250,000 are Scheduled to be Completed by Cottage Inn Illustrating Tenant's Commitment to This Location
  • Within Close Proximity to High Quality Tenants Including Costco, Jimmy John's, McDonald's, Taco Bell, Tim Hortons and Many Others
  • Located in Ann Arbor | Population of Over 123,850 | The Same City Where Cottage Inn Was Founded And Has Its Headquarters
  • Total Population Exceeding 158,000 Within A Five Mile Radius | High Household Income Over $108,000 Within A Five Mile Radius
  • Cottage Inn Has Over 50 Franchise Stores in Operation and Has Over 75 Years in the Restaurant Industry

Getting around

  • 21/100

    Walk Score ®

  • 31/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Ann Arbor, MI
  • Neighborhood Carpenter
  • Zip Code 48108
  • Market Detroit

Points of Interest

  • Ann Arbor

    4.54 miles

  • Speedway

    0.56 miles

  • Costco Gasoline

    0.85 miles

  • Citgo

    0.93 miles

  • BP

    1.27 miles

  • Mobil

    1.27 miles

  • Shell

    1.55 miles

  • Citgo

    1.75 miles

  • Citgo

    2.16 miles

  • Meijer

    2.18 miles

  • Ann Arbor Supercharger

    2.21 miles

  • Zippy Auto Wash

    0.46 miles

  • U-Haul

    0.89 miles

  • Packard Soft Cloth

    2.41 miles

  • Community Car Wash

    2.58 miles

  • Enterprise

    3.72 miles

  • Enterprise

    4.25 miles

  • Mr. Goofy’s Car Wash

    4.69 miles

  • Interclean

    5.55 miles

  • Lighthouse Car Wash

    5.69 miles

  • Mr. Bubble Auto Spa

    9.52 miles

  • Jimmy John's

    0.64 miles

  • Taco Bell

    0.72 miles

  • Thai Spoon

    0.75 miles

  • Ahmo's Gyros & Grill

    0.78 miles

  • Black Rock

    0.80 miles

  • Mark's Mid-Town Coney Island

    0.86 miles

  • Subway

    0.95 miles

  • Graham's Restaurant

    1.22 miles

  • Burger King

    1.25 miles

  • Los Amigos

    1.29 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Sal Yaldo

Encore Real Estate Investment Services

(248) 702-0940