Detroit, MI - Burger King

9871 Livernois, Detroit, MI

$1,711,000

Price

4.5%

Cap Rate

$77,000

NOI

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Street
Map
Overview
Cap Rate
4.5%
NOI
$77,000
Building Size
2,127 sqft
Lot Area
1.1 acres
Description

• The tenant, Burger King, has operated at this location for 22+ years
• 12+ years remain on this lease
• The Burger King brand is owned by Restaurant Brands International Inc. (TSX, NYSE: QSR), one of the world’s largest quick service restaurant companies with more than $27 billion in system-wide sales and over 29,000 restaurants in more than 100 countries and U.S. territories.
• No options to extend

• Burger King is located directly off the signalized, hard corner intersection
of Livernois and West Grand River Avenue with a combined 31,100 vehicles passing by daily
• The asset is directly off of Interstate 96 (123,000 VPD), a 192-mile East/West primary thoroughfare serving the entire Lower Peninsula of Michigan
• Close promixity to Interstate 96 allows for direct on/off ramp access for travelers
• Livernois is the primary residential throughfare serving the city of Detroit, providing a direct consumer base from which to draw
• Equipped with a drive-thru, providing ease and convenience for customers
• Drive-thru stores typically generate higher sales and revenue
• The asset has excellent visibility via street sign frontage and multiple points of access, providing ease and convenience for customers

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Listing ID: a288X0000065JVIQA2
Location
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