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Absolute Net Leased Restaurant
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1134 S Telegraph Rd, Bloomfield Twp, MI 48302

100% condominium interest in 1 acre with an absolute net lease for a 3,500-square-foot Panera Bread.

Property Size3,500 SF
Lot Size1.00 Acre
Days on Market121

Property Features for 1134 S Telegraph Rd

General Information

Standard status Active
Size 3,500 SF
Lot size 1.00 Acre
Property subtype Retail

Building Details

Tenancy Single
Listing Agency: Mid-America Real Estate - Michigan, Inc.
Listed By: Brad Rosenberg · License #6501204147
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 11:49PM

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 Mid-America Real Estate - Michigan, Inc.

Investment Insights

Based on property information with market context.

This offering includes a 100% condominium interest in 1 acre of land, subject to an absolute net lease that contains a 3,500-square-foot Panera Bread restaurant.

The property is part of Bloomfield Town Square Shopping Center, located off S. Telegraph Road in Bloomfield Hills, Michigan. The center is described as the dominant center in the market with a strong mix of anchors and big box tenants.

Panera Bread, which began in 1987 as St. Louis Bread Company, operates bakery-cafes under the Panera Bread and Saint Louis Bread Company names. The listing notes the menu includes made-to-order sandwiches, soups, salads, and gourmet coffees.

Key Highlights

  • 100% condominium interest in 1 acre of land with an absolute net lease
  • 3,500‑square‑foot Panera Bread building included in the lease
  • Located at Bloomfield Town Square Shopping Center off S. Telegraph Road in Bloomfield Hills, MI

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office Real Estate Agency Restaurant Auto Parts Store Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

828
Businesses Nearby
486k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 43% Shops & Services 26% Dining 19% Home Improvements & Furnishings 7%
Costco Wholesale Superstores
114,173 visits/mo 0.1 miles
Target Superstores
96,587 visits/mo 0.2 miles
Costco Gasoline Shops & Services
55,176 visits/mo 0.1 miles
McDonald's Dining
32,307 visits/mo 0.0 miles
Dollar Tree Shops & Services
31,351 visits/mo 0.1 miles

Demographics for 48302, MI

17,196
Population
6,960
Households
2.5
Avg Household Size
47
Median Age
75%
College-Educated
98%
High-School Grad
11.0 sq mi
ZIP Area
1,563
Density / Sq Mi
$175,698
Median Household Income
$97,091
Median Earnings
$2,048
Median Rent
$624,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - 100% condominium interest in 1 acre with an absolute net lease for a 3,500-square-foot Panera Bread.
Where is this conventional restaurant located?
The property is located at 1134 S Telegraph Rd Bloomfield Twp, MI.
What are key features of this property?
This property features: 100% condominium interest in 1 acre of land with an absolute net lease; 3,500‑square‑foot Panera Bread building included in the lease; Located at Bloomfield Town Square Shopping Center off S. Telegraph Road in Bloomfield Hills, MI
More about this property
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