Chick-Fil-A Livonia

The Property is strategically located on the north-east quadrant of Middlebelt and Plymouth Rd, a prominent intersection throughout the city of Livonia averaging +/- 44,925 VPD. The subject Property is conveniently located perpendicular to two (2) of the main retailers within the area, Target and Walmart, promoting crossover traffic to the site while also benefitting from the presence of Costco, Meijer, Menards, Dick’s Sporting Goods, and more located nearby.AQRE Advisors and Graystone Capital Advisors are pleased to present this rare opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, newly developed Chick-Fil-A on a 15-year absolute NNN ground-lease located in a predominant area of Suburban Detroit. The lease features 8 (5-year) options to extend, proving their commitment to this site. The lease is structured with 10% rental increases every 5-years and at the beginning of each option period to help hedge against inflation. The leased is corporate guaranteed by Chick-Fil-A Inc. and is absolute NNN with zero landlord responsibilities giving buyers a management free investment. Chick-Fil-A is the third (3rd) largest fast-food chains in America with +/- 2,800 locations over 47 states. The subject Property will feature a double drive-thru lane and state of the art construction to aid in the continuation of the brands success.