19345 Livernois StDetroit, MI 48221

Property Details for 19345 Livernois St

Lot size

0.14 AC

Property size (Sq ft)

5,600 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a thriving restaurant located at 19345 Livernois in Detroit, Michigan, within the vibrant "Avenue of Fashion" corridor. The property boasts 5,600 square feet on a 0.14-acre lot, zoned B-3. The building underwent a complete renovation in 2020, showcasing a modern and appealing aesthetic both inside and out. Currently occupied by Kuzzo's Chicken & Waffles under a triple-net (NNN) lease, the property generates a strong monthly rent of $4,000. The lease has six years remaining, expiring January 31, 2030, with two five-year renewal options, each including a 3% annual rent increase. This translates to a compelling 9% cap rate on the asking price of $525,000. The 100% occupancy ensures immediate cash flow for the investor. This is a turnkey operation situated in a high-traffic area, offering significant potential for long-term growth and profitability. The property's strong tenant and favorable lease terms make it an attractive investment for discerning buyers. Please note that the tenant should not be disturbed.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4341

Longitude

-83.1419

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