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Burger King | 22+yr Abs NNN | DriveThru 9871 Livernois Ave

2,127 SF Retail Building Detroit, MI 48204 £1,338,772 (£629/SF) 4.50% Net Initial Yield

Investment Highlights

  • 22+ Year Operating History | 12 Years Remaining | Corporate Guaranteed
  • Signalized, Hard Corner Intersection | Off Interstate 96 |Direct Consumer Base | Drive-Thru Equipped
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics In 5-mile Trade Area

Executive Summary

• The tenant, Burger King, has operated at this location for 22+ years
• 12 years remain on this lease
• The Burger King brand is owned by Restaurant Brands International Inc. (TSX, NYSE: QSR), one of the world’s largest quick service restaurant companies with more than $27 billion in system-wide sales and over 29,000 restaurants in more than 100 countries and U.S. territories

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,127 SF
Building Class
B
Year Built
1988
Price
£1,338,772
Price Per SF
£629
Net Initial Yield
4.50%
NOI
£60,249
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
1.10 AC
Zoning
Commercial
Parking
67 Spaces (31.5 Spaces per 1,000 SF Leased)
Frontage
233 ft on Barr St

Amenities

  • Bus Route
  • Corner Lot
  • Freeway Visibility
  • Restaurant
  • Signage
  • Signalised Intersection
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Every day, guests visit Burger King restaurants around the world. And they do so because Burger King restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined the brand for years.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-018198-210
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£119,558
  • Listing ID: 27386385

  • Date on Market: 27/12/2022

  • Last Updated:

  • Address: 9871 Livernois Ave, Detroit, MI 48204

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