17535 E 9 Mile Rd, Eastpointe, MI 48021
NNN investment opportunity with a new 12-year lease.
- Added:
- May 6, 2025
- Days on Market:
- 418
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 17535 E 9 Mile Rd
General Information
- Standard status
- Active
- Size
- 3,420 SF
- Property subtype
- Retail
Listing office GD Real Estate Services LLC
Listing date May 6, 2025
Source Crexi
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 GD Real Estate Services LLC
HighLights
- Passive income stream from a 12‑year Absolute NNN lease signed in November 2022.
- Strong 7% cap rate offers an excellent return on investment.
- Established Detroit Wing Company (DWC) franchise with a proven track record.
- NOI of $46,000/year indicates a profitable business.
- Scheduled 10% rent increase in 2028 ensures growing returns.
- 3,420 SF building provides ample space.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.7k | $19.80 |
| − Vacancy | −$8.0k | −$2.33 |
| EGI | $59.8k | $17.47 |
| − OpEx | −$14.9k | −$4.37 |
| NOI | $44.8k | $13.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Eastpointe
- County
- Macomb
- State
- Michigan
- Longitude
- -82.940513
- Latitude
- 42.465308
