401 S Lafayette Avenue, Royal Oak, MI 48067

401 South Lafayette is a 9,393 square foot, two story restaurant building positioned on one of Royal Oak's principal hospitality corners. Restaurant grade infrastructure, a Class C Michigan liquor license, and interior build out are available with the deal, providing an incoming operator with a substantially accelerated path to opening relative to ground up alternatives.

The property is offered for lease at $27 per square foot NNN. The building is also available for sale, with lease with purchase option structures available to qualified prospects.

401 South Lafayette differentiates from comparable hospitality opportunities through the combination of physical, regulatory, and operational components already in place. For an incoming operator, the property eliminates the most time intensive and capital-intensive components of a new build restaurant: the kitchen infrastructure, the liquor license, the dining room build out, and the corner location.

The result is a meaningful compression of both time to revenue and total capital required to open. For an operator with capital and a refined concept, the property supports an opening timeline in the range of 90 days at an all in capital commitment substantially below the cost of a comparable ground up alternative.

The two floor format provides operators with flexibility unavailable in single level spaces. Concepts can be configured by floor, with the ground floor anchoring primary service and the upper level dedicated to bar, lounge, private events, or a differentiated secondary concept.