Dave's Hot Chicken

Highlights:

• Drive-through equipped former Wendy’s retrofitted for Dave’s Hot Chicken and delivered to the tenant in essentially brand-new condition following significant renovation.
• Tenant is Dave’s Hot Chicken, a fast-growing, nationally and internationally expanding fast-casual restaurant concept specializing in Nashville-style hot chicken. Founded in 2017, the brand operates approximately 283 locations worldwide.
• Dave’s Hot Chicken is backed by Roark Capital Group, one of the leading private equity firms in the restaurant sector, which acquired the brand in 2025 in a transaction valued at approximately $1 billion.
• Lease is with Hot North Chicken LLC, a Michigan-based Dave’s Hot Chicken franchisee.
• Ten year original lease term with 3 percent annual rent increases beginning in 2027.
• Two five-year renewal options with 3 percent annual rent increases during each option period.
• Nearly adjacent to a Meijer Superstore and surrounded by a dense concentration of national retailers, restaurants, and service providers including Walmart Supercenter, Home Depot, Lowe’s Home Improvement, Discount Tire, McDonald’s, Taco Bell, Arby’s, KFC, Culver’s, Applebee’s, Buffalo Wild Wings, Speedway, Harbor Freight, Fifth Third Bank, Huntington Bank, Gardner White Furniture, as well as numerous national flag hotel chains and multiple nearby condominium and residential developments.
• Absolute triple net lease structure with zero landlord responsibilities, providing fully passive ownership.
• Freestanding 4,223 square foot building situated on a large 1.82-acre parcel, offering strong real estate fundamentals and long-term flexibility.
• Originally constructed in 1992 and substantially renovated in 2005, with the property delivered to the tenant in excellent condition.
• Prime location along heavily traveled Grand River Avenue in Howell, Michigan, with excellent visibility and direct ingress and egress.
• Howell is located in Livingston County, one of the fastest-growing counties in Michigan, supported by strong and expanding demographics.
• Strategically positioned near the intersection of Latson Road and Grand River Avenue and just minutes from I-96, providing exceptional regional access.

Description:

Introducing a prime investment opportunity in the heart of Howell, MI. This 4,223 SF retail/free standing building, built in 1992, boasts 100% occupancy, offering a stable and lucrative income stream for savvy investors. Its prime location in the desirable Howell area ensures a steady flow of potential customers, making it an ideal choice for retail businesses. With a proven track record of full occupancy and a well-maintained structure, this property promises both security and potential for future growth. Don't miss out on this excellent investment in a thriving market.

Howell is the largest city in and the county seat of Livingston County, Michigan. The city is mostly surrounded by Howell Township, but the two are administered autonomously. Howell is part of the South Lyon–Howell–Brighton urban area, which is an extension of the larger Detroit–Warren–Dearborn (Metro Detroit) metropolitan statistical area. The largest industries were manufacturing, health care & social assistance, and accommodation & food services.

Howell is a vibrant, award-winning town known for its charming downtown and strong community spirit. A Great American Main Street Award winner in 2018, an official Michigan "Cool City," and voted Best Main Street in America by USA Today readers in 2024, Howell has earned national recognition for its preservation and growth. The historic downtown of Howell is a charming blend of the past and present, with unique shops, eclectic dining options, and local breweries nestled within stunning 19th-century architecture. This vibrant district offers an inviting atmosphere, where visitors can browse boutique stores, savor farm-to-table meals, or relax with a craft beer while enjoying the town's rich history. Howell’s event calendar is equally as captivating, with beloved celebrations like the Howell Melon Festival, showcasing the town’s signature melon, and the magical Fantasy of Lights parade, which lights up the streets each holiday season.

Livingston County is part of the Detroit-Warren-Dearborn, MI Metropolitan Statistical Area. As of the 2020 census, its population was 193,866. Livingston County is one of the highest-income counties in the United States and has the second-highest median income in Michigan. The county's location in Southeast Michigan offers its residents relatively convenient access to the major metropolitan centers of Detroit, Lansing, Ann Arbor, and Flint. Livingston County residents regularly commute to those centers, using the three major expressways which pass through the county: I-96, US 23, and M-59.

Although continuing to be composed largely of bedroom communities, the county is experiencing and maintaining significant growth in both the service and industrial economic sectors. Major employers include Tribar, PepsiCo, Citizens Insurance, and ThaiSummit. It is considered one of the fastest growing counties in the State of Michigan spurred by growth from its strategic position equidistant between Lansing and Detroit.

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