18601 Hubbard Drive, Dearborn, MI 48216

CBRE and Dave Hesano, of the Net Leased Properties Group, are pleased to present this absolute-net Benihana investment property for sale. Benihana has been in operation at this location since 1976 with the original building having been replaced in 2009. This absolute-net groundlease features base rent escalations of ten percent (10%) every five years with the next to occur in December in 2028. There are no remaining tenant renewal options which serves as an advantage to the investor.

The net operating income is calculated by combining the annual base rent to an amount equal to eighty-five percent (85%) of the percentage rent averaged over the last three years.

With the first American location opened in New York City in 1964, Benihana is the premier, national teppanyaki restaurant. There are currently 86 Benihana restaurants in the United States, Caribbean, Central and South America. This Dearborn location ranks 27th out of 58 American properties according to Placer.ai. This property is situated in the City of Dearborn, MI. Dearborn is best known as the world headquarters of Ford Motor Company which employs over 43,000 full-time employees within the city. Ford recently constructed a new, 2,100,000 square foot headquarters facility which is located in close proximity to the subject property. Dearborn is also home to the world-class Henry Ford Museum as well as Carhartt corporate headquarters.