Savvy Sliders

22420 Farmington Road, Farmington, MI 48336

$1,285,000

Cap Rate 7.00%

Views: 103 DOM: 206 Updated: 09.11.24 Posted: 04.20.24 Status: Sold 11.12.24

Summary

Price $1,285,000	Built/Renov 2006	Tenant Savvy Sliders
Cap Rate 7.00%	Lease Type Double NN	Guarantor Franchisee
Size/SF 4,044	Lease Start 06-01-2023	#Units 41
Price/SF $317.75	Expiration 05-31-2033	Tenant Type Fast Food/QSR
NOI $90,000	R. Term 8.5	Ownership Fee Simple
Rent/SF $22.26	Increases 10.0%/4/yrs	Pop 5Mi 206,006
Lot/AC 0.75	Options 2/5yrs/10%	AHHI 5Mi $96,337

Lease Highlights

Recent 2023 renovations
Savvy Sliders has 8+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Double net lease | Minimal landlord responsibilities
Personal guarantee

Location Description

Savvy Sliders is strategically located at the signalized, hard corner intersection of Farmington Road and W 9 Mile Road, with access to a combined daily traffic count of 34,250 vehicles. The property is surrounded by well-known national tenants, including True Value, Great Clips, Dollar Tree, Anytime Fitness, 7-Eleven, and more. The 5-mile trade area is supported by a population of 206,006...

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Key Features

Signalized intersection
Recent renovation
Hard corner intersection
Near major nationals
Strategically located
Freeway visibility
Top 100 MSA
Strong demographics
Brand new lease
Personal guarantee

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Links

Savvy Sliders Wikipedia Farmington, Michigan Zip Code 48336 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Savvy Sliders
Guarantor:Franchisee
Company:Franchisee
# Units:41
Stock:Private

About Tenant

Savvy Sliders is a fast-food burger restaurant franchise specializing in gourmet burgers. The menu features a wide variety of burgers, including signature slider burgers, as well as hand-breaded...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	10,477	80,122	214,853
2023 Total Population :	10,570	80,579	216,270
2023 Employed Civilian Pop :	5,832	43,557	112,767
2023 Total Businesses :	562	3,411	10,192
2023 Average Household Income :	$ 108,445	$ 118,727	$ 115,742
2023 Total Consumer Spending :	$ 496 M	$ 3575 M	$ 9182 M
2023 Median Age :	48	44	45
2023 Total Households :	5,359	35,190	92,570
2023 Pop Age 25+: Bachelor's Degree :	2,665	18,296	47,605
2023 Average Home Value :	$ 274,613	$ 302,594	$ 295,982

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Farmington Rd	9 Mile Rd	2015	23,038	0.03 mi
9 Mile Rd	Farmington Rd	2015	17,433	0.06 mi
State Hwy 5	Farmington Rd	2015	5,908	0.06 mi
Farmington Rd	9 Mile Rd	2015	24,187	0.07 mi
West 9 Mile Road	Farmington Rd	2022	7,445	0.07 mi
State Hwy 5	Farmington Rd	2015	4,636	0.11 mi
	Hwy 5	2022	4,751	0.11 mi
Farmington Road	Longwood Dr	2022	14,595	0.17 mi
	Folsom St	2022	1,490	0.21 mi
Farmington Rd	Cloverdale Ave	2012	12,206	0.28 mi

Listing Broker

Ayson Shammami

ENCORE Real Estate Investment Services

Contact

31 Listings
4224 Views
7 Sold

Deno Bistolarides

ENCORE Real Estate Investment Services

Contact

78 Listings
10207 Views
31 Sold

Ayson Shammami

Ayson Shammami is a Senior Director of Investment Sales at Encore Real Estate Investment Services in West Bloomfield, MI. He joined the company in 2018 as an Associate Advisor specializing in retail properties and later expanded his practice to include industrial properties. Quick to learn and driven to excel, from the start at Encore Shammami demonstrated an aptitude for the commercial real estate industry and an understanding of the national retail landscape that far surpassed his level of

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Deno Bistolarides

Deno Bistolarides is a founding member and Managing Partner of Encore Real Estate Investment Services. Along with his partners Brandon Hanna and Ryan Vinco, Deno oversees a team of seasoned investment professionals that focus on advising clients in the acquisition and disposition of net leased and multi-tenant retail assets throughout the United States. In his career, which has spanned over a decade, Deno has advised private clients, developers, institutions and has completed over 400 transacti

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