30685 W 12 Mile Rd - Restaurant FOR SALE


Farmington Hills, MI 48334- Farmington
$975,000 USD
248-701-9001
30685 W 12 Mile Rd, Farmington Hills, MI for Sale
$975,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

30685 W 12 Mile Rd
Farmington Hills, MI 48334
Farmington


HIGHLIGHTS

  • Secure Income Stream – Single-tenant NNN lease with four years remaining; personal guarantee in place
  • Tenant-Funded Renovations – Completely remodeled in 2019 with new kitchen, bar, and seating for 110+ patrons
  • Attractive Cap Rate – 8% return with predictable cash flow
  • Strong Real Estate Fundamentals – 3,292 SF freestanding restaurant with 70 dedicated parking spaces and monument signage
  • Prime Retail Corridor – High-visibility location on Orchard Lake/12 Mile Rd with quick access to I-696
  • Desirable Demographics – $133,154 average HH income and 90,000 daytime employees within a 3-mile radius

OVERVIEW

This 3,292 SF single-tenant restaurant presents a secure NNN investment opportunity in the heart of Farmington Hills’ busy retail corridor. The property is leased to an established tenant under a 10-year agreement that commenced in 2019, with four years remaining and a personal guarantee in place for added security. In conjunction with the lease, the tenant invested heavily in a full interior remodel that included a brand-new kitchen, upgraded bar, and additional seating for over 110 customers. The building also features a dedicated parking lot with 70 spaces and monument signage along 12 Mile Road. Offering an attractive 8% cap rate, this property delivers predictable cash flow supported by strong real estate fundamentals. This high-visibility restaurant is located in a busy retail corridor of Farmington Hills, just east of Orchard Lake Rd, with quick access to I-696. Neighboring retail businesses include national chains like Jax Car Wash, Wendy's, Benjamin Moore Paints, and Discount Tire. Several hotels are within walking distance to this property including Fairfield Inn & Suites and Extended Stay America. Average household income of $133,154 and workday population of 90,000 within 3-mile radius of this property.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

B-3

APN/PARCEL ID

23-14-101-034

ASK ABOUT THIS PROPERTY

Daniel BlugermanP.A. Commercial, LLCMore Info
248-701-9001

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Daniel BlugermanP.A. Commercial, LLCMore Info
248-701-9001

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