Single-Tenant NNN Drive-Through
For Sale
$916,666
14350 Livernois, Detroit, MI 48238
Freestanding Savvy Sliders restaurant with a drive-through and triple-net lease structure.
Property Size2,378 SF
Lot Size0.91 Acres
Days on Market90
Property Features for 14350 Livernois
General Information
Standard status
Active
Size
2,378 SF
Lot size
0.91 Acres
Property subtype
Retail
Additional Details
Drive-Thru
Yes
Building Details
Building Size
2,378 SF
Year Built
2022
Buildings
1
Tenancy
Single
Listing Agency:
Keystone Commercial Real Estate
(248) 406-7113
Listed By:
Greg Newman · License #6501288543
Source:
Keystonecres
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 4:00PM
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 Keystone Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding single-tenant property operates as a Savvy Sliders restaurant at 14350 Livernois in Detroit, Michigan. The building includes a drive-through format and is subject to a triple-net lease. The property occupies 0.91 acres and supports a single-user restaurant configuration.
The lease provides a 10-year initial term followed by two 5-year options. Savvy Sliders is identified as the tenant, with more than 50 locations across Michigan and the United States. The property is positioned along Livernois Avenue within Detroit.
The lease provides a 10-year initial term followed by two 5-year options. Savvy Sliders is identified as the tenant, with more than 50 locations across Michigan and the United States. The property is positioned along Livernois Avenue within Detroit.
Key Highlights
- Single‑tenant Savvy Sliders restaurant at 14350 Livernois, Detroit, MI 48238
- Freestanding drive‑through restaurant configuration
- 0.91‑acre property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,382
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$627,640
$627.6K
Cap Rate 7%
$448,314
$448.3K
Cap Rate 9%
$348,689
$348.7K
Market Conditions
NOI Build-Up for 2,378 SF
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.
Gross rent
$44.2K $18.60/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$41.8K $17.60/SF
− OpEx
−$10.5K −$4.40/SF
NOI
$31.4K $13.20/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$627,640
Cap Rate 7%
$448,314
Cap Rate 9%
$348,689
Alternative Uses
Best Use
Specialty Retail
$448.3K
$392.3K – $523.0K
NOI $31,382 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.6K
$459.0K – $612.0K
NOI $36,722 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 43%
Taco Bell
Dining
12,952 visits/mo
0.2 miles
Wendy's
Dining
9,889 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
8,852 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,752 visits/mo
0.2 miles
BP
Shops & Services
6,471 visits/mo
0.1 miles
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
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?
NNN property - Freestanding Savvy Sliders restaurant with a drive-through and triple-net lease structure.
Where is this nnn property located?
The property is located at 14350 Livernois Detroit, MI.
What is the asking price?
The asking price for this property is $916,666.
What are key features of this property?
This property features: Single‑tenant Savvy Sliders restaurant at 14350 Livernois, Detroit, MI 48238; Freestanding drive‑through restaurant configuration; 0.91‑acre property
