Fogo de Chao Fine Dining
For Sale
Contact for pricing
301 West Big Beaver Road, Troy, MI 48084
Renovated full-service restaurant subject to a triple-net lease with multiple renewal options.
Property SizeContact for details
Days on Market145
Property Features for 301 West Big Beaver Road
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE
Listed By:
David Hesano · License #MI 6501300653
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 8:56PM
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 CBRE
Investment Insights
Based on property information with market context.
Fogo de Chao operates a full-service Brazilian steakhouse at 301 West Big Beaver Road in Troy, Michigan. The restaurant occupies an 11,089-square-foot building on a 2.52-acre parcel zoned BB, Commercial. Originally completed in 1998, the facility underwent extensive renovation before opening in November 2017.
The property is leased on a triple-net basis. The tenant reimburses its pro rata share of real estate expenses and property insurance and pays common area maintenance expenses directly. Landlord responsibilities include the roof and structure, while a new roof and HVAC system were installed in 2016.
Lease provisions include a rental increase during year five and four additional five-year renewal options. Each option requires 270 days’ notice and provides for a 10% increase per option period. The Troy trade area includes the Somerset Collection luxury mall and several high-volume restaurants, including Morton's, Capital Grille, Ocean Prime, and Tony V's.
The property is leased on a triple-net basis. The tenant reimburses its pro rata share of real estate expenses and property insurance and pays common area maintenance expenses directly. Landlord responsibilities include the roof and structure, while a new roof and HVAC system were installed in 2016.
Lease provisions include a rental increase during year five and four additional five-year renewal options. Each option requires 270 days’ notice and provides for a 10% increase per option period. The Troy trade area includes the Somerset Collection luxury mall and several high-volume restaurants, including Morton's, Capital Grille, Ocean Prime, and Tony V's.
Key Highlights
- 11,089‑square‑foot Fogo de Chao restaurant on a 2.52‑acre parcel
- BB, Commercial zoning in Troy, Michigan
- Triple‑net lease structure with tenant‑paid CAM expenses
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,296
Businesses Nearby
138k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Apparel 16%
Shops & Services 13%
Home Improvements & Furnishings 6%
Cooper's Hawk Winery & Restaurant
Dining
26,331 visits/mo
0.2 miles
REI
Apparel
16,113 visits/mo
0.5 miles
PetSmart
Shops & Services
12,867 visits/mo
0.5 miles
Kona Grill
Dining
11,328 visits/mo
0.3 miles
Bahama Breeze
Dining
10,665 visits/mo
0.2 miles
Demographics for 48084, MI
16,364
Population
7,402
Households
2.2
Avg Household Size
37
Median Age
73%
College-Educated
99%
High-School Grad
6.2 sq mi
ZIP Area
2,639
Density / Sq Mi
$106,004
Median Household Income
$71,494
Median Earnings
$1,648
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated full-service restaurant subject to a triple-net lease with multiple renewal options.
Where is this conventional restaurant located?
The property is located at 301 West Big Beaver Road Troy, MI.
What are key features of this property?
This property features: 11,089‑square‑foot Fogo de Chao restaurant on a 2.52‑acre parcel; BB, Commercial zoning in Troy, Michigan; Triple‑net lease structure with tenant‑paid CAM expenses
