Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18001 E 9 Mile Rd Eastpointe, MI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    NNN leased restaurant property with a strong franchisee guarantee.

    Type:RETAIL
    Property size:
    3,154 SF
    Lot size:
    0.90 Acres
    Added:
    Jan 29, 2025
    Days on Market:
    450
    Last Refresh:
    Apr 5 at 11:01 pm

    Property Features for 18001 E 9 Mile Rd

    General Information

    Standard status
    Active
    Size
    3,154 SF
    Lot size
    0.90 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Glen Kunofsky
    Glen Kunofsky

    Listing agent Glen Kunofsky

    Listing office NNN Pro Group

    Listing date Jan 29, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NNN Pro Group

    Overview

    Eastpointe NNN Leased Restaurant

    This property is subject to a 20-year triple net lease (NNN) with zero landlord responsibilities. The lease includes attractive rental increases, defined as the lesser of the change in CPI or 1.50% annually. The property is guaranteed by Meritage Hospitality Group, an experienced operator of over 388 units and one of the largest Wendy’s franchisees globally. The property contains 3,154 square feet and is located in Eastpointe, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wendy's Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9348
    Latitude
    42.4655

    Nearby Similar for Sale

    • $495,000
      2,725 SF

      Historic Farmhouse Ideal Office Space

      Unique commercial/industrial property with farmhouse perfect for office use.
      17526 E 10 Mile, Eastpointe, MI 48021
      View Details
    • $129,000
      1,000 SF

      Eastpointe Commercial Building For Sale

      Commercial building in Eastpointe, ready for immediate occupancy.
      16149 E 10 Mile Rd, Eastpointe, MI 48021
      View Details
    • $95,000
      760 SF

      Eastpointe Commercial Space on Corner

      Clean, updated commercial space in Eastpointe, move-in ready.
      17503 Stephens Drive, Eastpointe, MI 48021
      View Details
    • $199,000
      4,197 SF

      Eastpointe Office Building For Sale

      Former medical building with parking lot, suitable for office/retail.
      20927 Kelly, Eastpointe, MI 48021
      View Details
    • $189,950
      652 SF

      Eastpointe Commercial Building For Sale

      Commercial building in a vibrant neighborhood, suitable for various businesses.
      15801 E 10 Mile Road, Eastpointe, MI 48021
      View Details
    • $499,900
      5,676 SF

      Move-in Ready Medical Facility

      Eastpointe medical facility with surgical suite and private parking.
      22480 Kelly Road, Eastpointe, MI 48021
      View Details
    • $450,000

      Renovated Commercial Property with Drive-Through

      Move-in ready commercial space with drive-through in Eastpointe, MI.
      17744 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $649,000
      9,700 SF

      Eastpointe Church Building For Sale

      9,700 SF church with hall, kitchen, classrooms, and offices.
      17901 Collinson Ave, Eastpointe, MI, 48021
      View Details
    • $2,050,000

      Advance Auto Parts For Sale

      Advance Auto Parts property with corporate guarantee and strong demographics.
      22901 Gratiot Ave, Eastpointe, MI, 48021
      View Details
    • $350,000
      2,000 SF

      Eastpointe Flex Space For Sale

      2,000 SF flex space with showroom and fenced lot.
      17511 Stephens Drive, Eastpointe City, MI 48021
      View Details
    • $450,000

      Commercial Building with Zoning Opportunities

      Commercial building with equipment included in sale. Zoning opportunities.
      17331 Stephens Dr, Eastpointe, MI 48021
      View Details
    • $649,900
      8,000 SF

      Eastpointe City School Building ForSale

      8,000 SF school building with 9 classrooms for sale.
      17901 COLLINSON Avenue, Eastpointe City, MI 48021
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased restaurant property with a strong franchisee guarantee.
    Where is this drive through restaurant located?
    The property is located at 18001 E 9 Mile Rd Eastpointe, MI.
    What are key features of this property?
    This property features: 20‑year triple net lease (NNN) offers zero landlord responsibilities; Strong franchisee guarantee from Meritage Hospitality Group, operating 388+ units; Attractive rental increases, the lesser of change in CPI or 1.50% annually
    (332) 345-2408 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Glen Kunofsky
    Glen Kunofsky
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!