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33340194
33340201

17101 East Warren Avenue, Detroit, MI 48224

SJ
MI MI 6501357188, MI
The Jonna Group at Colliers International
AJ
MI 6501424524
The Jonna Group at Colliers International
Listed by The Jonna Group at Colliers International
$960,000
4 days on market
Updated 1 day ago

Dual QSR Investment Opportunity - Charley's & WingSnob

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,742
Cap Rate 8.00%
NOI $76,776
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 10
Remaining Term 10
Rent Bumps Yes
Lease Options (2) 5-Year Options
Year Built 1980
Buildings 1
Acreage 0.200
Investment Type Net Lease
Rent Commencement 05/31/2026
Ownership Fee Simple

Dual QSR | NNN Investment | 2% Annual Rent Increases

Marketing description

Detroit offers retail real estate investors a compelling blend of scale, resurgence, and long-term upside anchored by one of the largest metropolitan economies in the Midwest. With a population exceeding 4.3 million in the metro area, the city sits at the center of a diversified economic base fueled by automotive, mobility technology, healthcare, higher education, and advanced manufacturing. Strategic positioning along the U.S.--Canada trade corridor—one of North America's busiest—supports strong logistics, employment density, and cross-border consumer demand. Significant public and private investment over the past decade has stabilized core neighborhoods, modernized infrastructure, and strengthened the city's role as a regional shopping and employment destination.

From a retail perspective, Detroit offers attractive entry pricing relative to national peer markets, combined with visible catalysts for growth. Dense urban districts such as Downtown, Midtown, Corktown, and New Center are benefiting from mixed-use redevelopment, rising residential density, and increased tourism tied to sports, entertainment, and the riverfront. National and regional retailers are re-entering the market alongside a robust local operator base, creating opportunities across grocery-anchored centers, urban street retail, and neighborhood convenience formats. For investors focused on yield, redevelopment, or long-term appreciation, Detroit presents a rare opportunity to align favorable fundamentals with a city still early in its recovery curve.

Investment highlights

  • Dual QSR Net-Lease — Charley's Cheesesteaks & WingSnob
  • $76,776 NOI with 2.0% Annual Rent Increases
  • NNN Leases | 10-Year Terms with (2) 5-Year Options
  • Initial Franchisee Guarantee by Experienced Multi-Brand Operator
  • 2,742+/- SF Freestanding Pad Building on 0.20 Acres
  • Freestanding pad-style dual-QSR building — Charley's Cheesesteaks & WingSnob on a hard corner.
  • Recession-resilient QSR tenants operated by an experienced multi-brand owner-operator.
  • E Warren Ave 11,376 VPD and Cadieux St 16,750 VPD — high-visibility retail corridor.
  • Detroit metro of 4.3M along the U.S.–Canada trade corridor; dense, resurging urban trade area.
  • $960,000 at an 8.00% cap rate on $76,776 NOI — pending NNN lease structure.
  • 2,742+/- SF on 0.20 acres, built 1980. Two nationally recognized brands under one roof.

Listing Contacts

SJ
MI MI 6501357188, MI
The Jonna Group at Colliers International
AJ
MI 6501424524
The Jonna Group at Colliers International
Listed by The Jonna Group at Colliers International

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,776.00
$6,398.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Simon Jonna
License
MI 6501357188
Brokerage
Jonna Group | Colliers
Brokerage Phone
2482261610
Title
MI
Name
Andre Jabro
License
6501424524
Brokerage
Jonna Group
Brokerage Phone
2482261610
Title
Real Estate Broker
Brokerage Address
401 South Old Woodward Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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