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30685 W 12 Mile Rd 3,292 SF Retail Building Farmington Hills, MI 48334 $975,000 ($296.17/SF) 8% Cap Rate
Investment Highlights
- Secure Income Stream – Single-tenant NNN lease with four years remaining; personal guarantee in place
- Attractive Cap Rate – 8% return with predictable cash flow
- Prime Retail Corridor – High-visibility location on Orchard Lake/12 Mile Rd with quick access to I-696
- Tenant-Funded Renovations – Completely remodeled in 2019 with new kitchen, bar, and seating for 110+ patrons
- Strong Real Estate Fundamentals – 3,292 SF freestanding restaurant with 70 dedicated parking spaces and monument signage
- Desirable Demographics – $133,154 average HH income and 90,000 daytime employees within a 3-mile radius
Executive Summary
This 3,292 SF single-tenant restaurant presents a secure NNN investment opportunity in the heart of Farmington Hills’ busy retail corridor. The property is leased to an established tenant under a 10-year agreement that commenced in 2019, with four years remaining and a personal guarantee in place for added security. In conjunction with the lease, the tenant invested heavily in a full interior remodel that included a brand-new kitchen, upgraded bar, and additional seating for over 110 customers. The building also features a dedicated parking lot with 70 spaces and monument signage along 12 Mile Road. Offering an attractive 8% cap rate, this property delivers predictable cash flow supported by strong real estate fundamentals.
This high-visibility restaurant is located in a busy retail corridor of Farmington Hills, just east of Orchard Lake Rd, with quick access to I-696. Neighboring retail businesses include national chains like Jax Car Wash, Wendy's, Benjamin Moore Paints, and Discount Tire. Several hotels are within walking distance to this property including Fairfield Inn & Suites and Extended Stay America. Average household income of $133,154 and workday population of 90,000 within 3-mile radius of this property.
This high-visibility restaurant is located in a busy retail corridor of Farmington Hills, just east of Orchard Lake Rd, with quick access to I-696. Neighboring retail businesses include national chains like Jax Car Wash, Wendy's, Benjamin Moore Paints, and Discount Tire. Several hotels are within walking distance to this property including Fairfield Inn & Suites and Extended Stay America. Average household income of $133,154 and workday population of 90,000 within 3-mile radius of this property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,292 SF
Building Class
C
Year Built/Renovated
1972/2020
Price
$975,000
Price Per SF
$296.17
Cap Rate
8%
NOI
$78,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.90 AC
Zoning
B-3
Parking
73 Spaces (22.17 Spaces per 1,000 SF Leased)
Frontage
184’ on W. 12 Mile Rd
Amenities
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-14-101-034 | Improvements Assessment | $158,990 |
| Land Assessment | $137,100 | Total Assessment | $296,090 |
Property Taxes
Parcel Number
23-14-101-034
Land Assessment
$137,100
Improvements Assessment
$158,990
Total Assessment
$296,090
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30685 W 12 Mile Rd
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