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15125748
15125747

30685 W 12 Mile Rd, Farmington Hills, MI 48334

MS
MI MI 6501364824
P.A. Commercial Corporate & Investment Real Estate
DB
MI 6501181718
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate
$975,000
856 days on market
Updated 40 days ago

30685 W 12 Mile Rd

Details
APN 22-23-14-101-034
Property Type Retail
Sub Type Restaurant
Square Footage 3,292
Units 1
Cap Rate 8.00%
Occupancy 100%
Tenancy Single
Brand/Tenant Crab House
Lease Type NNN
Lease Term 10
Lease Expiration 08/31/2029
Remaining Term 3.2
Rent Bumps Yes
Price per SqFt $296
Class B
Year Built 1972
Year Renovated 2019
Buildings 1
Stories 1
Acreage 0.899
Zoning B-3
Parking Spaces 70 spaces
Parking Per SqFt 21.26
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2019
Occupancy Date 09/01/2019
Ground Lease No
Ownership Single

Single-Tenant NNN Restaurant Investment in Busy Retail Corridor | 8% Cap Rate

Marketing description

PROPERTY 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.

LOCATION OVERVIEW

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.

Investment highlights

  • Secure Income Stream – Single-tenant NNN lease (four years remaining), with options

  • 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

  • Annual income of $78,800 with 1.5% Annual Escalations

  • Tenant pays property taxes and insurance

  • 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

Listing Contacts

MS
MI MI 6501364824
P.A. Commercial Corporate & Investment Real Estate
DB
MI 6501181718
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate

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Zoning

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B-3 CommercialGeneral CommercialGeneral Business District
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Matthew Schiffman
License
MI 6501364824
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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