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17101 E Warren Ave
Detroit, MI 48224
Charley's & WingSnob (Dual QSR) · Retail Property For Sale
Investment Highlights
- Dual QSR Net-Lease — Charley's Cheesesteaks & WingSnob
- NNN Leases | 10-Year Terms with (2) 5-Year Options
- 2,742± SF Freestanding Pad Building on 0.20 Acres
- $76,776 NOI with 2.0% Annual Rent Increases
- Initial Franchisee Guarantee by Experienced Multi-Brand Operato
- High-visibility retail corridor.
Executive Summary
CHARLEYS & WINGSNOB NET-LEASE OPPORTUNITY ALONG BUSY CORRIDOR ON HARD CORNER
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,742 SF
Building Class
C
Year Built/Renovated
1980/2017
Price
$960,000
Price Per SF
$350.11
Cap Rate
8%
NOI
$76,776
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.20 AC
Zoning
B4 - Business Commercial zoning
Frontage
243’ on E Warren Ave
Property Taxes
| Parcel Number | 21-0750038 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $74,100 |
Property Taxes
Parcel Number
21-0750038
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$74,100
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