Freestanding Burger King Investment
For Sale
$1,048,214
26776 Eureka Rd, Taylor, MI 48180
Burger King net lease investment in Taylor, Michigan.
Property Size4,170 SF
Lot Size1.32 Acres
Price / SF$251.37
Days on Market82
Property Features for 26776 Eureka Rd
General Information
Standard status
Active
Size
4,170 SF
Lot size
1.32 Acres
Property subtype
Retail - Street Retail
Building Details
Building Size
4,170 SF
Year Built
1988
Listing Agency:
Fortis Net Lease
(248) 254-3406
Listed By:
Robert Bender · License #6501323470
Source:
Commercialcafe
Added: May 19
Changed: Aug 8
Last Checked: Jul 16 at 4:02AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Located at 26776 Eureka Rd in Taylor, Michigan, this property presents a net lease investment opportunity featuring a freestanding Burger King. The property is secured by a long-term 20-year triple net (NNN) lease, providing a passive income stream with minimal landlord responsibilities, as the tenant is responsible for taxes, insurance, and maintenance. The building consists of approximately 4,170 square feet situated on a 1.32-acre parcel, offering strong site visibility and functional layout along a well-trafficked commercial corridor. The asset generates a current net operating income (NOI) of $74,109 annually, delivering stable cash flow backed by a nationally recognized quick-service restaurant brand. Positioned along Eureka Road, a key retail and commuter route in the Taylor submarket, the property benefits from consistent traffic and strong surrounding retail synergy. Taylor, Michigan is a suburban city in Wayne County, part of the Downriver area of the Detroit metropolitan region. It covers about 23.6 square miles and had a population of approximately 63,409 as of the 2020 census. Its central location and accessibility have made it a desirable place for families and businesses seeking proximity to both Detroit and the region’s major transportation routes. Taylor is well-connected, intersected by major freeways including I-94 and I-75, and located just a few miles from Detroit Metropolitan Airport. The local economy is diverse, with residential, commercial, and industrial zones, and includes shopping destinations such as Southland Center and Trader’s Pointe. This investment is well-suited for buyers seeking dependable income and a nationally branded tenant in a high-demand metro Detroit.
Key Highlights
- Long‑term 20‑year triple net (NNN) lease provides passive income.
- Freestanding Burger King location at 26776 Eureka Rd in Taylor, Michigan.
- Generates a current net operating income (NOI) of $74,109 annually.
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
$54,043
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
5.16%
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%
$1,080,860
$1.1M
Cap Rate 7%
$772,043
$772.0K
Cap Rate 9%
$600,478
$600.5K
Market Conditions
NOI Build-Up for 4,170 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
$75.1K $18.00/SF
− Vacancy
−$3.0K −$0.72/SF
EGI
$72.1K $17.28/SF
− OpEx
−$18.0K −$4.32/SF
NOI
$54.0K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /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%
$1,080,860
Cap Rate 7%
$772,043
Cap Rate 9%
$600,478
Alternative Uses
Best Use
Specialty Retail
$772.0K
$675.5K – $900.7K
NOI $54,043 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 16%
Groceries 3%
Electronics 1%
McDonald's
Dining
20,925 visits/mo
0.1 miles
Taco Bell
Dining
7,355 visits/mo
0.2 miles
Citgo
Shops & Services
6,835 visits/mo
0.3 miles
A&W Restaurant
Dining
6,321 visits/mo
0.2 miles
Burger King
Dining
5,971 visits/mo
0.0 miles
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
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?
Drive through restaurant - Burger King net lease investment in Taylor, Michigan.
Where is this drive through restaurant located?
The property is located at 26776 Eureka Rd Taylor, MI.
What is the asking price?
The asking price for this property is $1,048,214.
What are key features of this property?
This property features: Long‑term 20‑year triple net (NNN) lease provides passive income.; Freestanding Burger King location at 26776 Eureka Rd in Taylor, Michigan.; Generates a current net operating income (NOI) of $74,109 annually.
