1120 14 Mile RdClawson, MI 48017

Property Details for 1120 14 Mile Rd

Year built

1982

Lot size

0.68 AC

Property size (Sq ft)

2,739 SF

Zone code

BI

Property type

Drive through restaurants

APN

16-20-33-354-035

APU

162033354035

Description

This exceptional investment opportunity presents a Del Taco restaurant located at 1120 W 14 Mile Rd, Clawson, Michigan 48017. The property, built in 1982, encompasses 2,739 square feet on a 0.68-acre lot and is situated in a prime location within a busy commercial area. The property features an Absolute NNN lease with a remaining term of approximately three years, expiring August 14, 2027. The lease commenced July 1, 2007, and has a total term of 20 years. The current asking price is $1,357,143, representing a price per square foot of $495.49 and a 7.00% capitalization rate. The property boasts a 100% occupancy rate and generates a Net Operating Income (NOI) of $95,000 annually. This single-tenant building offers significant upside potential due to its established brand, strong performance history, and high visibility along 14 Mile Road, ensuring consistent customer traffic. The property's location provides ample parking for customers. This is an ideal investment for those seeking a stable, high-performing retail asset with a proven track record. The property is zoned BI.

• CAP approach

  CAP return

  Valuation

  6%

  $837,418

  6.5%

  $773,001

  7%

  $717,787

• Comparable approach

  Method

  Valuation

  Relative Method

  $645,639

  Geo Method

  $645,639

• Alternative Use

  Use

  Valuation

  Residential

  $652,055

  Hospitality

  $597,279

  Educational

  $496,929

  Medical

  $514,019

  Retail

  $773,001

Location Insight

City

Clawson

County

Oakland

State

Michigan

Latitude

42.5336

Longitude

-83.1624

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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