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Off Market
1/7

7201 E Jefferson Ave
Detroit, MI 48214


HIGHLIGHTS

  • NNN Ground Lease Requires Zero Landlord Responsibility
  • Tenant Recently Signed 10-Year Lease Extension Showing Commitment to this Location
  • Corporately Guaranteed by Tim Donut U.S. Limited, Inc.
  • Tenant has Been Successfully Operating at this Location since 2008
  • Highly Visible to 33,600+ Cars Per Day
  • Located just 2.5 Miles East of Downtown Detroit, Michigan

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Tim Horton's Corporate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

1638

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

15-0000556