Benihana Absolute-Net Ground
For Sale
Contact for pricing
18601 Hubbard Drive, Dearborn, MI 48216
Established restaurant tenancy supported by contractual escalations and a modern replacement building.
Property Size8,250 SF
Price / SF$636.97
Days on Market58
Property Features for 18601 Hubbard Drive
General Information
Standard status
Active
Size
8,250 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$433,563
Building Details
Year Built
2009
Tenancy
Single
Listing Agency:
CBRE
Listed By:
David Hesano · License #MI 6501300653
Source:
Crexi
Added: Jul 8
Changed: Sep 1
Last Checked: Sep 1 at 12:04PM
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.
This absolute-net ground lease is occupied by Benihana, which has operated at the Dearborn property since 1976. The original structure was replaced in 2009, creating an 8,250-square-foot restaurant building for the established teppanyaki operator. The lease includes base-rent increases of 10% at five-year intervals, with the next adjustment scheduled for December 2028. No tenant renewal options remain under the current lease terms.
The property is located at 18601 Hubbard Drive in Dearborn, Michigan. The city includes Ford Motor Company’s world headquarters and the Henry Ford Museum, along with Carhartt’s corporate headquarters. Ford’s recently completed headquarters facility contains 2,100,000 square feet and is described as being near the property. The restaurant’s operating history, replacement construction, and absolute-net lease structure define the principal characteristics of this NNN property.
The property is located at 18601 Hubbard Drive in Dearborn, Michigan. The city includes Ford Motor Company’s world headquarters and the Henry Ford Museum, along with Carhartt’s corporate headquarters. Ford’s recently completed headquarters facility contains 2,100,000 square feet and is described as being near the property. The restaurant’s operating history, replacement construction, and absolute-net lease structure define the principal characteristics of this NNN property.
Key Highlights
- Absolute‑net ground lease occupied by Benihana
- 8,250‑square‑foot restaurant building replaced in 2009
- Benihana has operated at the location since 1976
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 68%
Dining 26%
Shops & Services 4%
Hotels & Casinos 2%
Macy's
Apparel
64,377 visits/mo
0.3 miles
JCPenney
Apparel
36,118 visits/mo
0.3 miles
P.F. Chang's
Dining
15,984 visits/mo
0.5 miles
Benihana
Dining
13,623 visits/mo
0.1 miles
A&W Restaurant
Dining
8,277 visits/mo
0.3 miles
Demographics for 48216, MI
5,031
Population
3,398
Households
1.5
Avg Household Size
35
Median Age
37%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
2,187
Density / Sq Mi
$42,278
Median Household Income
$42,189
Median Earnings
$860
Median Rent
$225,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Established restaurant tenancy supported by contractual escalations and a modern replacement building.
Where is this nnn property located?
The property is located at 18601 Hubbard Drive Dearborn, MI.
What is the asking price?
The asking price for this property is $5,255,000.
What are key features of this property?
This property features: Absolute‑net ground lease occupied by Benihana; 8,250‑square‑foot restaurant building replaced in 2009; Benihana has operated at the location since 1976
