Dual QSR Investment Opportunity - Charley's & WingSnob
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.
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