About This Restaurant
Investment Highlights
Strategically Positioned Right Off Highly Trafficked I-94 (126,359? AADT) Brand New 20-Year Triple Net (NNN) Lease with 10% Rental Increases Every Five (5) Years to Commence at Closing Surrounded by Dozens of Recession Resistant National Tenants Including Aldi, Dollar Tree, Kroger, and Many More Excellent Guaranty | Operated by The Dhanani Group (Largest Popeyes Franchisee, 2nd Largest Restaurant Franchisee) Successful Store | Strong Operating History and Very Healthy Rent-to-Sales Ratio 10 miles from Downtown Detroit & 30 minutes from Detroit International Airport
Executive Summary
Marcus & Millichap is pleased to exclusively offer this freestanding 2,428? SF Popeyes sitting on approximately 0.74 AC of land positioned on a heavily trafficked retail corridor. This site is operated by the largest Popeyes franchisee in the system and is subject to a 20-year NNN lease to commence at Closing with 10% rental increases every five (5) years making for a stable and hands-off investment.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail TruckStop Fast Food
- Building Size 2,428
- Building Class B
- Year Built 2014
- Price 2,671,698
- Price Per SF 1,100
- Cap Rate 5.30
- NOI 141,600
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.74 AC
Amenities
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 02-14-32-230-018 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $365,100 |
| Date Created: | 2024-07-16 04:16:19 | Last Updated: | 2024-07-16 04:16:19 |
| Address: | 18592 E 9 Mile Rd , Eastpointe, Michigan, 48021 | ||