Subway (Corporate) 9350 Telegraph Rd

Investment Highlights

Positioned within the Detroit MSA NNN - no landlord responsibilities Low absolute rent - $37,200 The current tenant has been operating at this location since 2008 3% annual rental escalations (Next escalation 7/1/2024) Located along Telegraph Road (64,170 VPD)

Executive Summary

Positioned within the Detroit MSA, this property boasts a prime location with numerous benefits. The current tenant has been established here since 2008, enjoying the advantages of NNN lease terms, meaning no landlord responsibilities, and a favorable 3% annual rental escalation, with the next adjustment scheduled for July 1, 2024. Despite its low absolute rent of $37,200, the property's strategic placement along Telegraph Road, experiencing a high traffic volume of 64,170 vehicles per day, ensures substantial visibility and accessibility. Moreover, its proximity to a densely populated area, with over 350,000 residents within a five-mile radius and an average household income of $75,608 within one mile, presents a lucrative market for businesses. Situated just 20 minutes west of Downtown Detroit and adjacent to the bustling Redford Plaza Shopping Mall housing popular retailers like Dollar Tree, Foot Locker, AutoZone, Burlington, GNC, and Octapharma Plasma, this property offers immense potential. Additionally, it shares its vicinity with reputable brands like ALDI, Ford, Starbucks, Dunkin?, and Walgreens, further enhancing its appeal and potential for sustained success.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    1,680
• Building Class    C
• Year Built    1978
• Price    525,000
• Price Per SF    313
• Cap Rate    7.09
• NOI    37,200
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.08
• Land Acres    0.46 AC

• Bus Line
• Pylon Sign
• Signage