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5774 N Wayne Rd
Westland, MI 48185
Red Lobster · Commerce de détail Propriété À vendre
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FAITS SAILLANTS DE L'INVESTISSEMENT
- AFFORDABLE SEAFOOD + CULTURAL ALIGNMENT - Strategically positioned in one of Southeast Michigan’s most aligned trade areas for Red Lobster model
- HIGHLY TRAFFICKED RETAIL HUB - Situated along N Wayne Road (32,000+ VPD) and surrounded by Meijer, Target, Applebee’s, and Walmart
- HIGHLY FUNCTIONAL 1.94-ACRE PARCEL - The 7,582 SF freestanding restaurant sits on nearly 2 acres of land, providing future flexibility & ample parking
- ABSOLUTE NNN WITH ANNUAL BUMPS - Long-term lease with zero landlord responsibilities and 2% annual increases
- BUILT-IN DEMOGRAPHIC BASE - With 250,062 residents within 5 miles this Red Lobster serves a strong trade area where families dine out
RÉSUMÉ DE L'ANNONCE
RED LOBSTER | ABSOLUTE NNN | WESTLAND, MI
TD Commercial Group is pleased to present the opportunity to acquire a corporately guaranteed Red Lobster in Westland, Michigan.
This property offers investors a true passive net lease backed by one of America’s most iconic dining brands. The absolute NNN lease features zero landlord responsibilities and 2% annual rent increases throughout the base term and options, providing long-term durability with built-in rent growth.
Strategically located along N Wayne Road (32,000+ VPD), the restaurant sits within a dense retail hub anchored by Walmart, Meijer, Target, and Golden Corral. The 7,582 SF building rests on a highly functional 1.94-acre parcel, offering excellent visibility, ample parking, and future re-tenanting flexibility if ever needed.
The surrounding trade area is one of Southeast Michigan’s most stable working-class markets. With 250,000+ residents within 5 miles and a strong base of Ford Motor Company employees from the nearby Michigan Assembly Plant, Red Lobster benefits from consistent lunch and dinner traffic, supported by generational dining loyalty. Families here view Red Lobster as an affordable indulgence — a “go-to” gathering spot that has become culturally ingrained in the community.
This is a rare chance to acquire a long-term, inflation-hedged, passive net lease investment in a proven Southeast Michigan retail corridor.
TD Commercial Group is pleased to present the opportunity to acquire a corporately guaranteed Red Lobster in Westland, Michigan.
This property offers investors a true passive net lease backed by one of America’s most iconic dining brands. The absolute NNN lease features zero landlord responsibilities and 2% annual rent increases throughout the base term and options, providing long-term durability with built-in rent growth.
Strategically located along N Wayne Road (32,000+ VPD), the restaurant sits within a dense retail hub anchored by Walmart, Meijer, Target, and Golden Corral. The 7,582 SF building rests on a highly functional 1.94-acre parcel, offering excellent visibility, ample parking, and future re-tenanting flexibility if ever needed.
The surrounding trade area is one of Southeast Michigan’s most stable working-class markets. With 250,000+ residents within 5 miles and a strong base of Ford Motor Company employees from the nearby Michigan Assembly Plant, Red Lobster benefits from consistent lunch and dinner traffic, supported by generational dining loyalty. Families here view Red Lobster as an affordable indulgence — a “go-to” gathering spot that has become culturally ingrained in the community.
This is a rare chance to acquire a long-term, inflation-hedged, passive net lease investment in a proven Southeast Michigan retail corridor.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement pour loyer hypernet
Condition de vente
1031 Échange
Type de propriété
Commerce de détail
Sous-type de propriété
Restaurant
Taille du bâtiment
7 582 pi²
Classe d’immeuble
C
Année de construction
1974
Prix
5 810 238 $ CAD
Prix par pi²
766,32 $ CAD
Taux de capitalisation
6,77%
Revenu net d’exploitation
393 108 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,09
Taille du lot
1,97 AC
Zonage
CM - Quartier commercial (CM) selon le nouveau règlement de zonage 2025 de la ville, adopté en octobre 2024.
Stationnement
139 places (18,33 places par 1 000 pi² loué)
Façade
243’ sur Wayne Rd
COMMODITÉS
- Ligne d'autobus
- Affichage
Impôts fonciers
| Numéro de lot | 56-035-02-0011-000 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 867 524 $ CAD |
Impôts fonciers
Numéro de lot
56-035-02-0011-000
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
867 524 $ CAD
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