Applebee’s (Expiring Lease)

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Applebee’s (Expiring Lease)

Type: Lease

30686 Lyon Center Drive New Hudson MI Oakland County

Property Type: Restaurant

Date Available: December 31, 2018 (Tenant may be willing to vacate early)

Rent: $120,000/Year

Contact Person(s): Richard Shlom
& Matthew Swantko

(248) 488-2620

Description:

The Lyon Towne Shopping Center is strategically positioned between Milford and South Lyon, both affluent, growing bedroom communities. It is anchored by Super Walmart and Lowe’s and includes Feldmen Chevrolet, McDonald’s, Discount Tire, Kensington Grill, Chase Bank and Starbucks. This soon to be vacated Applebee’s is an outlot of the Lyon Towne Center and is a high profile attractive restaurant building at Milford Road and I-96 interchange. The site and center are highly visible to I-96 traffic making it a destination shopping center for the western suburbs. There are 100 on site parking spaces.

Property Taxes: $23,673.00 (2017)

Building Dimensions: Approx. 59’ x 91'

Lot Size: 1.50 AC

Available Space: Approx. 5,370 SF (includes attached walk-in cooler)

Zoning: PUD

Gross Leasable Area: 5,370 SF

Improvements: As-is (possible purchase of FF&E)

Anchors: Walmart Supercenter, Lowe’s, Starbucks, Bank of America, Discount Tire, McDonald’s & Sherwin Williams

Traffic Count: I-96 = 110,300 cpd
Milford Rd = 24,000 cpd

Demographic Info:

Radius: 1 Mile 3 Mile 7 Mile 10 Mile
Population Density: 1,190 13,575 127,892 287,612
Avg. HH Income: $101,197 $94,973 $108,904 $116,342

LANDMARK COMMERCIAL REAL ESTATE SERVICES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.