18592 9 Mile Rd, Eastpointe, MI 48021

2,428 SF | Retail Building | Eastpointe, MI 48021 | $2,671,698 ($1,100/SF) | 5.30% Cap Rate

Asking Price $2,671,698

Property Type: Retail, Restaurant, Industrial
Square Feet: 2,428 SF
Price / Square Foot: $1,100

Listing Contacts

Robert Narchi

Jason Fefer

Tyler Bindi

Property Overview

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

Class: B
Year Built: 2014
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 32,234 SF

Highlights

Strategically Positioned Right Off Highly Trafficked I-94 (126,359± AADT)
Excellent Guaranty | Operated by The Dhanani Group (Largest Popeyes Franchisee)
Brand New 20-Year Triple Net (NNN) Lease with 10% Rental Increases Every Five (5) Years to Commence at Closing
Successful Store | Strong Operating History and Very Healthy Rent-to-Sales Ratio
Surrounded by Dozens of Recession Resistant National Tenants Including Aldi, Dollar Tree, Kroger, and Many More
10 miles from Downtown Detroit & 30 minutes from Detroit International Airport

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