REBusinessOnline

SRS Arranges $1.7M Ground Lease Sale of Property Occupied by Texas Roadhouse in Flint, Michigan

Constructed in 2015, the building is located at 4140 Miller Road.

FLINT, MICH. — SRS Real Estate Partners has arranged the ground lease sale of a 7,163-square-foot property occupied by Texas Roadhouse in Flint for $1.7 million. Constructed in 2015, the building is located at 4140 Miller Road. The triple net lease has approximately 13 years remaining on the initial term. Dan Elliot and Sean Lutz of SRS represented the seller, JSNT Real Estate LLC. Richmond Properties IV LLC purchased the property. The cap rate was 5 percent.

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