Sale-leaseback. 20 year lease @ 9% cap rate. Contact listing agent for offering memorandum
This historic restaurant offers a versatile dining experience with 6 separate dining rooms (not including the bar), ideal for hosting private parties or business meetings. Each dining room can be closed off or opened as needed, allowing for intimate gatherings or larger events. The restaurant also features a cozy downstairs gas fireplace, multiple TVs in the bar and one dining room, and an electric fireplace heater upstairs. Enjoy stunning lake views from the front dining room and patio, with the added bonus of watching fireworks during events. The property boasts patio seating with tables and a lounge area, along with one indoor and two outdoor walk-in coolers, plus a walk-in freezer. The original bar, complete with name plates from notable figures, adds charm to this historic building, enhanced by beautiful landscaping out front. Recent updates include a new fire system, updated equipment, refreshed dining rooms, new hardwood floors upstairs, a new electric fireplace heater, and some new patio furniture. With storage areas in the basement and upstairs, a projector screen for seminars, and an excellent location, this restaurant is ready to impress. This is an operating restaurant, please do not approach building or staff with any questions. Please contact listing agent directly.
HIGHLY SUCCESSFUL TUBBY�S SUB FRANCHISE SHOP, PRIME LOCATION IN DOWNTOWN LAKE ORION ON LAPEER RD, VERY PROFITABLE, EASY TO OPERATE, LOW OVERHEAD. 18 YEARS IN BUSINESS GROSSING $25,000 A MONTH, RENT AND EXPENSES $4,350 INCLUDES ALL THE UTILITIES. WITH DINING AREA OF 16 SEATS. LOTS OF ROOM FOR GROWTH IN CATERING AND PARTY BUSINESS. INVENTORY ABOUT $5,000. BUSINESS HOURS 10-9 MONDAY THROUGH SATURDAY SUNDAY 11-7. SUPPORT AND TRAINING BY TUBBY�S CORPORATE OFFICE. PLEASE DO NOT APPROACH ANY EMPLOYEES FOR INFORMATION. CALL AGENT FOR MORE INFORMATION. MOTIVATED SELLER, BUYERS MUST BE ACCOMPANIED BY SHOWING AGENT AT ALL TIMES.
SDI Building at Silver Bell Technology Park. Built in two phases (1982 and 1992), the SDI building is currently configured as three tenant spaces offering 3 lobbies, 3 lunch rooms, 8 restroom locations (4-paired groups, 1 single, 3 executive in-office singles), a parts elevator, an employee elevator, is fully air-conditioned and has extensive exterior landscaping with a gazebo overlooking naturally-style detention pond. 18,000 sq/ft office/flex space on the upper level and 11,400 sq/ft office/flex space on the lower level. Built by the current owner to service one manufacturing concern; it has been sub-divided with the intent of being easily restorable to one contiguous space. A package conveyor system had been in prior use between floors to move parts and finish products. The machinery is on-site and could be re-installed. The building was designed with energy efficiency in mind; prior use included the recovery of heat from the manufacturing process to supplement central heating when needed and easily vented to cut cooling load requirement. The building has three loading bays - two on grade (one high-bay area) and one dock-well. There are 70 parking spaces with additional room to expand if needed. Keyless entry system; alarm system; lawn sprinklers (serviced by a private well). Zoned L-I (limited industrial). Directly across the street from the GM Orion Assembly facility, which is currently slated for a 4-billion dollar expansion which will include electric vehicle and battery production. Close proximity to other manufacturing and high-tech, including ABB, Dana, FedEx, Esys Automation, Continental AG, Webber Automotive, Rousch Industries, Delta, Society C and others. 12 miles from Oakland-Pontiac Airport. Less than 30 miles from Flint-Bishop, Detroit Metro and Coleman A Young airports. Orion Township tax abatements may be available - guidelines in the document folder.
Lake Orion is located in Michigan. Lake Orion, Michigan has a population of 2,920. Lake Orion is more family-centric than the surrounding county with 42.41% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Lake Orion, Michigan is $90,750. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Lake Orion is 42.6 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 32.3 inches per year, with 37.1 inches of snow per year.
