Fortis Net Lease is pleased to present a free-standing Corporate Tim Horton’s restaurant located at 7201 E Jefferson Ave in Detroit, Michigan. The tenant, Tim Hortons Inc. recently signed a ten year lease extension showing commitment to this location. The NNN lease requires no landlord responsibilities and has 7% increases every 5 years.
The subject property is located just 2.5 Miles East of Downtown Detroit at the main entrance to Bell Isle Park. The subject property is also located in a very densely populated area with over 187,900 residents within five miles. The median home value within one mile is over $105,000.
This is an ideal opportunity for an investor to purchase a passive income real estate asset with absolutely zero management responsibilities.