Commercial Real Estate in Dearborn available for sale
Dearborn Drive Through Restaurants For Sale

Drive Through Restaurants for Sale in Dearborn, MI, USA

Drive Through Restaurants for Sale within 10 kilometers of Dearborn, MI, USA

More details for 9100 Telegraph Rd, Taylor, MI - Retail for Sale

Walgreens Detroit MSA 9 CAP Rental Increases - 9100 Telegraph Rd

Taylor, MI 48180

  • Drive Through Restaurant
  • Retail for Sale
  • $6,555,684 CAD
  • 14,490 SF

Taylor Retail for Sale - Airport District

Pharma Property Group is pleased to market for sale the Walgreens property located at 9100 Telegraph Road in Taylor, Michigan (“The Property”). Walgreens has approximately 4 years of firm term remaining on an absolute NNN lease with 5% rental increases every 5 years through 2049. The next 5% increase comes in May of 2029. The property is strategically located as the closest Walgreens and national chain drugstore to Beaumont Hospital, a 148-bed facility with over 1,094 employees, one block to the south. In addition to the medical facilities, the Property benefits from over 2.3 million square feet of retail, and 5.9 million square feet of industrial space, in a 2-mile radius. Recently the Rite Aid across the street from the Property shuttered its operations leaving the Subject Property as the only free-standing national chain drugstore in a 2-mile radius. With over 2,400 multifamily units within 2 miles, the Property benefits from the added customer base. The Property is located 3 miles from Detroit Metropolitan Airport, Michigan's busiest airport, serving over 36.7 million passengers annually and offering over 1,100 flights daily. Additionally, Walgreens is positioned on the signalized hard corner of Telegraph Road/U.S. Route 24 with over 65,000 vehicles per day and serves as a main north/south thoroughfare and a major arterial heading south from Detroit to Toledo, Ohio, and eventually to Fort Wayne, Indiana. Listed in association with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, MI DRE Lic. #6502428679.

Contact:

Pharma Property Group- Drugstore Specialists

Property Subtype:

Drug Store

Date on Market:

2024-05-09

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More details for 20240 Plymouth Rd, Detroit, MI - Retail for Sale

Former Burger King | DriveThru Equipped - 20240 Plymouth Rd

Detroit, MI 48228

  • Drive Through Restaurant
  • Retail for Sale
  • $528,409 CAD
  • 2,413 SF
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Drive Through Restaurants For Sale

Drive Through Restaurants

A drive-thru restaurant is a type of fast food establishment that provides customers with the ability to order and receive their meal while still in their car. This type of restaurant has been on the rise in recent years with an increase in demand for quick, mobile-friendly food options.

The majority of drive through restaurants are located on or near busy streets, making them easy for drivers to access. This accessibility can be attractive to investors as it will increase potential revenues by attracting more customers without extensive advertising costs.

Why should you buy a restaurant with a drive through as an investor?

There are many reasons to invest in a drive through restaurant. These restaurants can be profitable if they're modeled correctly and managed well. You need to consider several things when investing in a drive-through restaurant, such as location and demographics, before deciding whether or not it's right for you

The first thing that needs consideration is where your potential business should be located. A major factor here is population density - what does the neighborhood look like? Is there plenty of foot traffic on any given day? If so, this would mean more customers for the restaurant! You also want to make sure there are no competing businesses nearby that may lure away your customer base; try looking at some other areas of town with less competition and underserved population.

What are the costs of buying a drive through restaurant?

The costs to consider include the cost of the building, renovations or repairs and upgrades needed in order to do business. There may be additional fees such as franchise fees, permits, licensing. Talk to your broker about additional costs.

The cost for a commercial property itself will vary depending on the size and location; a building might cost more than one near a busy highway interchange with high traffic volume. The price per square foot also varies significantly by location.

How to make your purchase profitable and sustainable in the long run.

Purchasing a profitable drive-through restaurant requires careful research and consideration of what is needed in the area.

You will need to consider the most profitable drive-through locations, deciding if you want a single site or plan on multiple sites.

Consideration should be given to both established restaurants with traffic volumes that meet your needs as well as those which are under-performing but have potential for time and money investment to increase revenues.

Is it worth it for you to buy a drive thru restaurant now?

Right now is a a great time to invest in a drive through restaurant.

As of 2021, Interest rates are low and there is less competition for properties, which means you can get the property for less money than if you buy it later on down the road when prices and interest rates may increase. Additionally, now would be a good time to buy because people need convenient and safe food options during tough economic times.

Looking to lease a Drive Through Restaurant? View Drive Through Restaurants for lease