For Sale
$2,188,034
17700 Grand River Ave Detroit, MI 48227
High-yield, 20-year NNN lease. Excellent tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- Located in the Detroit MSA, Michigan's most populous area (4.4M+ residents).
- Excellent credit tenant: the largest Popeyes franchisee.
- Significant expansion potential through M&A and development.
- Brand new 20-year NNN lease; zero landlord responsibilities.
- Four 5-year tenant renewal options (potential 40-year lease).
- 10% rent increases every 5 years, including option periods.
Property Details for 17700 Grand River Ave
- Property type
- Retail properties, Restaurants
- Square Feet
- 3,636 SF
- Year Built/Renovated
- 1994/2025
- Lot Size (sq. ft)
- 40,511 SF
Location Insight
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Latitude
- 42.40020613
- Longitude
- -83.21695642
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, 20-year NNN lease. Excellent tenant.
- Where is the retail property located?
- The property is located at 17700 Grand River Ave Detroit, MI.
- What is the asking price?
- The asking price for this property is $2,188,034.
- What are key features of this property?
- This property features: Located in the Detroit MSA, Michigan's most populous area (4.4M+ residents).; Excellent credit tenant: the largest Popeyes franchisee.; Significant expansion potential through M&A and development.
- How can I contact the broker?
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