Listed by GD Real Estate Services LLC
$657,143
Detroit Wing Company - Eastpointe, MI
Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,420
Cap Rate 7.00%
NOI $46,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 12
Remaining Term 9.5
Rent Bumps Yes
Investment Type Net Lease
Retail | 7.00% CAP | 3,420 SqFt
Marketing description
**Absolute NNN investment opportunity**
This original location holds historical significance and boasts a loyal customer base, solidifying its strong market presence.
Detroit Wing Company (DWC) is a highly acclaimed quick-service restaurant franchise renowned for its premium chicken wings and tenders featuring over 20 signature sauces. Founded in 2015 by Gus Malliaras, DWC prioritizes fresh, all-natural ingredients, earning national recognition as the "Best Wings in Michigan".
This prime investment opportunity presents a 3,420 SF building with an NOI of $46,000/year and a 7% cap rate. A new 12-year Absolute NNN lease was signed in November 2022, with a 10% rent increase scheduled for 2028.
Listing Contacts
Listed by GD Real Estate Services LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,000.00
$3,833.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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