Freestanding Quick-Service Restaurant
For Sale
Contact for pricing
Pending
17700 Grand River Ave, Detroit, MI 48227
Freestanding Popeyes restaurant on a 0.93-acre lot with a 20-year NNN lease commencing at closing.
Property Size3,636 SF
Lot Size0.93 Acres
Days on Market122
Property Features for 17700 Grand River Ave
General Information
Standard status
Pending
Size
3,636 SF
Lot size
0.93 Acres
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed By:
Robert Narchi · License #01324570
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 10 at 2:24PM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This freestanding Popeyes restaurant totals 3,636± SF and sits on a 0.93-acre lot. The property is operated by the largest Popeyes franchisee in the system and is subject to a 20-year NNN lease to commence at closing, with 10% rental increases every five (5) years. A complete renovation to a new Popeyes prototype is scheduled for 2025.
Located at 17700 Grand River Ave in Detroit, Michigan, the site is positioned in the heart of a heavily trafficked thoroughfare.
For context, the Detroit MSA is described as a major regional economic hub anchored by education, healthcare, and technology, with supporting employment from institutions including Wayne State University and Henry Ford Health System.
Located at 17700 Grand River Ave in Detroit, Michigan, the site is positioned in the heart of a heavily trafficked thoroughfare.
For context, the Detroit MSA is described as a major regional economic hub anchored by education, healthcare, and technology, with supporting employment from institutions including Wayne State University and Henry Ford Health System.
Key Highlights
- Freestanding Popeyes restaurant with 3,636± SF on a 0.93‑acre lot
- 20‑year NNN lease to commence at closing
- Lease includes 10% rental increases every five (5) years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
155k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 40%
Electronics 4%
McDonald's
Dining
25,158 visits/mo
0.3 miles
Wendy's
Dining
18,403 visits/mo
0.2 miles
BP
Shops & Services
13,685 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
12,579 visits/mo
0.1 miles
White Castle
Dining
11,148 visits/mo
0.1 miles
Demographics for 48227, MI
40,266
Population
19,933
Households
2
Avg Household Size
36
Median Age
12%
College-Educated
83%
High-School Grad
7.5 sq mi
ZIP Area
5,369
Density / Sq Mi
$36,221
Median Household Income
$31,797
Median Earnings
$1,034
Median Rent
$70,900
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding Popeyes restaurant on a 0.93-acre lot with a 20-year NNN lease commencing at closing.
Where is this conventional restaurant located?
The property is located at 17700 Grand River Ave Detroit, MI.
What are key features of this property?
This property features: Freestanding Popeyes restaurant with 3,636± SF on a 0.93‑acre lot; 20‑year NNN lease to commence at closing; Lease includes 10% rental increases every five (5) years
