16005 W Mcnichols Rd - Fast Food FOR SALE


Detroit, MI 48235- Grandmont
$550,000 USD
248-702-0288
16005 W Mcnichols Rd, Detroit, MI for Sale
$550,000 USD
Fast Food - FOR SALE
1/3
null | 9.06% Cap Rate

16005 W Mcnichols Rd
Detroit, MI 48235
Grandmont


HIGHLIGHTS

  • Pricing and returns: Purchase price $550,000. Current NOI $51,850 with a 9.06% cap rate. Pro forma NOI $68,444.9 with a 12.44% cap rate.
  • Low basis: 5,169 SF at $106 per SF, providing an attractive entry point for Detroit infill retail.
  • Recent capital program (2022–2024): New roof in 2022 with full tear-off and all new metal decking; new plumbing in 2024; new electrical in 2024.
  • Functional layout: Single-story strip with multiple entrances, supporting flexible multi-tenant configurations and straightforward demising.
  • Location and access: Prominent frontage on West McNichols within an established neighborhood commercial corridor, strong daily traffic.
  • Demographics: Dense trade area with approximately 21,549 residents within 1 mile, 155,615 within 3 miles, and 392,525 within 5 miles; solid household.

OVERVIEW

Pricing and returns: Purchase price $550,000. Current NOI $51,850 with a 9.06% cap rate. Pro forma NOI $68,444.9 with a 12.44% cap rate

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$850 USD /SF

CAP RATE

9.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,494 SF

ZONING

B2

APN/PARCEL ID

22-0130189,22-013020

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.