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8997 Greenfield Rd
Detroit, MI 48228
Investment Opportunity · Retail Property For Sale
Investment Highlights
- Lease expires 10-31-2031 with options
- Zoned B3
- Renovated in 2022
- Savvy Sliders has over 50 franchise restaurants in the United States
Executive Summary
Introducing a premier investment opportunity in the heart of Detroit. This 1,800 SF freestanding drive-thru restaurant is secured by a 10-year lease that commenced in 2022, providing stable long-term income. Fully renovated, the property offers modern infrastructure and turnkey reliability. Located along the Greenfield Road corridor, it boasts exceptional visibility and accessibility within a thriving commercial district. The site allows for flexible retail or commercial uses, further enhancing its long-term value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,800 SF
Building Class
C
Year Built
1980
Price
$1,387,363 CAD
Price Per SF
$770.76 CAD
Cap Rate
6.70%
NOI
$92,953 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.47 AC
Zoning
B3 - Business use
Parking
22 Spaces (12.22 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 22-051251-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $232,542 CAD |
Property Taxes
Parcel Number
22-051251-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$232,542 CAD
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