ID 5031b983
5665 Bay Rd
For Sale
$2,657,142$349.85/SF
- Building Size
- 7,595 SF
- Lot Size
- 3.1388 ac
- County
- Saginaw
- Listed
- 01/29/2026
- Updated
- 07/06/2026
- Cap Rate
- 7%

Overview
Absolute NNN Lease – Zero landlord responsibilities, providing a passive income stream
The tenant has been at this location for over 20 years and recently exercised a new 10- year renewal, demonstrating a strong long-term commitment to the site
Strong Corporate Guarantee – Backed by Famous Dave’s parent company, ensuring financial stability
Long-Term Lease with Options – Secure lease term with renewal options, providing future income security
Prime Retail Location – Situated in a high-traffic commercial corridor with strong retail synergy
Established Tenant with National Recognition – Famous Dave’s is a well-known barbecue restaurant brand with a loyal customer base
Situated on a 3± acre lot, the property benefits from ample land area, strong visibility, and the ability to accommodate a wide range of commercial uses
Growing Market – Saginaw benefits from a strong local economy with a stable population and workforce
Nearby National Tenants – Surrounded by major retailers such as Walmart, Meijer, Target, and Home Depot, driving consistent traffic
Additional Information
- City
- Saginaw
- State
- MI
- Zip Code
- 48604
- Secondary Uses
- Free Standing, Restaurant
- Zoning Desc.
- General Intensive Commercial
- NOI
- $186,000
- Pro Forma NOI
- $186,000
- Building Name
- Famous Dave's
- Property Status
- Existing
- Parcel APN
- 18-13-4-34-1008-014
- Listing ID
- 5031b983
- City
- Saginaw
- State
- MI
- Zip Code
- 48604
- Secondary Uses
- Free Standing, Restaurant
- Zoning Desc.
- General Intensive Commercial
- NOI
- $186,000
- Pro Forma NOI
- $186,000
- Building Name
- Famous Dave's
- Property Status
- Existing
- Parcel APN
- 18-13-4-34-1008-014
- Listing ID
- 5031b983