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17700 Grand River Ave
Detroit, MI 48227
Popeyes | 5.85% Cap | 20YR NNN Lease · Retail Property For Sale
Investment Highlights
- Part of the Detroit Metro area, the most populous city in Michigan, with +4.4M people
- Brand New 20-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Area is Undergoing Revitalization With Several New Redevelopment Projects Currently Underway
- Excellent Guaranty | Operated by the Largest Popeyes Franchisee in the System
- Attractive Rental Increases | 10% Every 5 Years, Including Option Periods
- Successful Store with Very Healthy Rent-to-Sales Ratio
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,636 SF
Building Class
B
Year Built
1994
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.93 AC
Zoning
B4
Parking
30 Spaces (8.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 22-0081714 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $259,600 |
Property Taxes
Parcel Number
22-0081714
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$259,600
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