9895 Telegraph RdTaylor, MI 48180

Property Details for 9895 Telegraph Rd

Year built

1972

Lot size

0.98 AC

Property size (Sq ft)

2,922 SF

Zone code

B-3

Property type

Banks

APN

60 038 99 0025 002

APU

60038990025002

Description

This exceptional investment opportunity presents a 2,900-square-foot, free-standing, Class A retail building in Taylor, Michigan. Currently occupied by a Buffalo Wild Wings GO, a first-to-market concept in Southeast Michigan, this property boasts a strong 10-year lease (commencing July 1, 2022, and expiring June 30, 2032), with 7.6 years remaining. The lease is a triple-net (NNN) agreement with a single tenant, ensuring minimal landlord responsibilities. The property features a 6.00% cap rate and a substantial net operating income (NOI) of $97,200. Built in 1967 and extensively renovated in 2024, this single-story building sits on a prominent Telegraph Road location in Wayne County, Michigan, within the B3 zoning district. The lease includes four 5-year options, each with a 12.5% rent increase. This stabilized investment offers a secure and lucrative return for a discerning buyer. The property's 100% occupancy and strong tenant history make it an ideal addition to any portfolio. The building's 2,900 square feet of net rentable space is perfectly suited to the current tenant's operations. This is a turnkey investment opportunity with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $735,310

  6.5%

  $678,748

  7%

  $630,266

• Comparable approach

  Method

  Valuation

  Relative Method

  $688,776

  Geo Method

  $688,776

• Alternative Use

  Use

  Valuation

  Residential

  $572,549

  Hospitality

  $524,452

  Educational

  $436,338

  Medical

  $451,344

  Retail

  $678,748

Location Insight

City

Taylor

County

Wayne

State

Michigan

Latitude

42.2347

Longitude

-83.2687

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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