17010 Harper Ave - Fast Food FOR SALE


Detroit, MI 48224- East English Village
$1,790,000 USD
310-920-8996
17010 Harper Ave, Detroit, MI for Sale
$1,790,000 USD
Fast Food - FOR SALE
1/2
null | 6.25% Cap Rate

17010 Harper Ave
Detroit, MI 48224
East English Village


HIGHLIGHTS

  • Corporate-backed Wendy’s location with consistent national brand performance.
  • Annual NOI of approximately $112,000 with predictable rental increases.
  • High-visibility site near I-94, delivering strong daily traffic counts and accessibility.
  • Positioned on a half-acre lot with drive-thru capabilities and ample parking for 28+ vehicles.
  • Located in Detroit’s retail corridor benefiting from ongoing city revitalization and infrastructure investment.

OVERVIEW

This Wendy’s property at 17010 Harper Avenue offers investors a stable, long-term net lease opportunity in the Detroit market with a nationally recognized quick-service brand. The site operates under a NNN lease structure backed by WM Limited Partnership LLC, with Res Management LLC as guarantor. The property benefits from high visibility along Harper Avenue with proximity to I-94, ensuring consistent customer traffic. The current lease has over 19 years remaining on the original 20-year term, along with six additional five-year renewal options, providing strong cash flow security for decades. Annual net operating income is approximately $112,000 with structured rental escalations of up to 1.25% or CPI. Situated on a 23,522 sq. ft. lot with professional landscaping and ample parking, this single-tenant retail property represents passive income supported by a reliable national tenant. Detroit continues to experience revitalization, enhancing the long-term value of well-located properties. Investors gain the advantage of fee simple ownership and a predictable income stream in a high-traffic retail corridor anchored by a strong brand presence.

FOR SALE DETAILS

PRICE

$1,790,000 USD

PRICE/SF

$813 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

B4

APN/PARCEL ID

21-003793

ASK ABOUT THIS PROPERTY

Ehren JacobsEhren Jacobs Bang RealtyMore Info
310-920-8996

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Ehren JacobsEhren Jacobs Bang RealtyMore Info
310-920-8996

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