Famous Dave’s NNN
For Sale
Contact for pricing
20300 13 Mile Road, Roseville, MI 48066
Restaurant sale-leaseback featuring a long-term absolute net lease and scheduled annual increases.
Property SizeContact for details
Days on Market145
Property Features for 20300 13 Mile Road
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
23,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
SAB Capital
Listed By:
Preet Sabharwal · License #NY 10401215775
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 2:21PM
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 SAB Capital
Investment Insights
Based on property information with market context.
The Famous Dave’s restaurant in Roseville, Michigan, is offered through a sale-leaseback structure. At closing, the operator will execute a 25-year absolute net lease with 1.5 percent annual increases and four five-year renewal options, each including the same annual escalation.
Blue Ribbon Restaurants Novi LLC will serve as guarantor. The guarantor operates 5 locations, while parent company Blue Ribbon Restaurants operates 18 units across the Midwest. The property is positioned along 13 Mile Road, where traffic exceeds 23,000 vehicles per day, and sits within a half mile of Interstate 94 and Gratiot Avenue. More than one million square feet of retail is located within a mile, and the surrounding area includes over 270,000 residents within five miles.
Blue Ribbon Restaurants Novi LLC will serve as guarantor. The guarantor operates 5 locations, while parent company Blue Ribbon Restaurants operates 18 units across the Midwest. The property is positioned along 13 Mile Road, where traffic exceeds 23,000 vehicles per day, and sits within a half mile of Interstate 94 and Gratiot Avenue. More than one million square feet of retail is located within a mile, and the surrounding area includes over 270,000 residents within five miles.
Key Highlights
- 25‑year absolute net lease to be executed at closing
- 1.5 percent annual rent increases, including all four five‑year options
- Guarantor operates 5 locations; parent company operates 18 Midwest units
Property Analytics
Property Profile
Current Use
Lease Details
23,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
907k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 25%
Shops & Services 22%
Dining 20%
Superstores 12%
Meijer
Groceries
119,424 visits/mo
0.4 miles
Sam's Club
Superstores
110,061 visits/mo
0.4 miles
Kroger
Groceries
60,942 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
53,295 visits/mo
0.2 miles
Kroger
Groceries
44,518 visits/mo
0.5 miles
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
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?
NNN property - Restaurant sale-leaseback featuring a long-term absolute net lease and scheduled annual increases.
Where is this nnn property located?
The property is located at 20300 13 Mile Road Roseville, MI.
What are key features of this property?
This property features: 25‑year absolute net lease to be executed at closing; 1.5 percent annual rent increases, including all four five‑year options; Guarantor operates 5 locations; parent company operates 18 Midwest units
