Ann Arbor Restaurant Asset

1,416 SF restaurant building, fully leased

Property Type

Restaurant / Commercial Investment

Building Size

1,416 SF

Lot 84 x 132 feet

Status

For Sale

Price

$450,000

Single Story Restaurant On Packard

Tenant In Place Through 2029

1,416 SF single story restaurant building, built 1969
Fully leased at the time of the offering
Lease described in the offering materials as long term and NN
Base lease term ends October 2029
Extension options follow the base term, exercised at the tenant’s election
Real estate only; the restaurant business is not included
No restaurant equipment, fixtures, or licenses convey with the real estate
Fast food restaurant use
Zoned C1 Local Business, on a lot measuring 84 by 132 feet
Parcel 09-12-11-201-026, on Packard Road in Ann Arbor

A fully leased single story restaurant building at 3220 Packard Road in Ann Arbor is offered for sale at $450,000. The sale is real estate only, and the restaurant business operating in the building is not included. The building runs 1,416 square feet, was built in 1969, and sits on a lot measuring 84 by 132 feet, parcel 09-12-11-201-026, zoned C1 Local Business.

The property is occupied under a lease the offering materials describe as long term and NN, running through October 2029, with extension options that follow at the tenant’s election. The building is in fast food restaurant use. A buyer acquires the real estate and the lease in place rather than the operating business, its equipment, or any licenses held by it.

Rent, escalations, the specific expense responsibilities under the NN structure, and the number and length of the extension options are available from the listing agent. Extensions are exercised at the tenant’s election and are not committed term. All property details, uses, and plans are subject to independent verification.

Income From Day One

Extension options at the tenant’s election

The building is already producing. It is fully leased at the time of the offering under a lease the materials describe as NN, running through October 2029, so a buyer takes on income at closing rather than a vacancy and a restaurant build-out. Extension options follow the base term and could carry occupancy further, though each one is exercised at the tenant’s election rather than committed in advance.

At $450,000 the asset sits at an entry point that opens it to buyers working below the threshold where most leased retail trades. What transfers is the real estate and the lease, not the restaurant: equipment, fixtures, and any licenses stay with the business. The building runs 1,416 square feet on a C1 Local Business lot of 84 by 132 feet along Packard Road, an established Ann Arbor commercial route.

Fully leased at the time of the offering
Base lease term running through October 2029
Lease described in the offering materials as long term and NN
Extension options follow, exercised at the tenant’s election
Real estate only, with no business assets or licenses conveying
Single story 1,416 SF building in fast food restaurant use, built 1969
Zoned C1 Local Business on a lot measuring 84 by 132 feet
Parcel 09-12-11-201-026 on Packard Road in Ann Arbor
Rent, escalations, and expense responsibilities available from the listing agent

Why This Space Matters

Property Features

The building is a single story restaurant and commercial structure of 1,416 square feet, built in 1969, on parcel 09-12-11-201-026. The lot measures 84 by 132 feet and is zoned C1 Local Business. The offering materials identify the current use as a fast food restaurant and describe the building as fully leased at the time of the offering.

The transaction covers the real estate only. The restaurant business operating in the building, along with its equipment, fixtures, and any licenses, is not part of the sale. Rent, escalations, the expense responsibilities under the NN structure, and the terms of the extension options are available from the listing agent, and no income figure is published here.

Fully Leased At Closing

The building is occupied at the time of the offering, so a buyer takes on an income-producing asset rather than a vacancy and a restaurant build-out. Rent, escalations, and expense structure are available from the listing agent.

NN Lease Through October 2029

The offering materials describe a long term NN lease ending October 2029, with extension options after it at the tenant’s election. Under an NN structure some building responsibilities typically remain with the landlord, so the specific split is worth confirming on a 1969 building.

Real Estate Only, Business Excluded

The sale conveys the building and the lease. The restaurant business, its equipment, fixtures, and any licenses are not included, which keeps this a straightforward real estate purchase rather than a going-concern acquisition.

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3220 Packard Road, Ann Arbor, MI 48108

Fully leased single story restaurant building at 3220 Packard Road, Ann Arbor, MI 48108, offered at $450,000
1,416 SF built in 1969, on a lot measuring 84 by 132 feet, parcel 09-12-11-201-026
Zoned C1 Local Business, in fast food restaurant use
Lease described in the offering materials as long term and NN, with a base term ending October 2029
Extension options follow the base term and are exercised at the tenant’s election rather than committed term
Real estate only; the restaurant business, its equipment, fixtures, and any licenses are not included in the sale
Fully leased at the time of the offering
Packard Road position in Ann Arbor
Rent, escalations, expense responsibilities under the NN structure, and the extension option terms are available from the listing agent
All property details, uses, and plans are subject to independent verification