NNN Restaurant Building with Historic
2701 East Jefferson Avenue, Detroit, MI 48207
For Lease
$1,750,000 NNN
Absolute NNN lease with zero landlord responsibilities and personal guarantee in a historic-charm restaurant building on Jefferson Avenue.
Space SizeContact for details
Property Size4,807 SF
Days on Market143
Property Features for 2701 East Jefferson Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Traffic Count
Additional Details
Business Included
Building Details
Building Size
Tenancy
Listing Agency:
Exclusive Realty
Listed By:
Steve Sagmani · License MI #6502426558
(248) 819-8077
Source:
Exclusive-realty
Added: Jun 25
Changed: Nov 4
Last Checked: Nov 12 at 6:25AM
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 Exclusive Realty
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Investment Insights
Based on property information with market context.
This offering presents a Detroit House of Pancakes restaurant building totaling 4,807 square feet, described as having historic charm. The property is offered on an absolute NNN lease structure with zero landlord responsibilities, and the lease includes a personal guarantee.
The building is located on Detroit’s East Jefferson Corridor in the Rivertown Warehouse District. The area is described as densely populated, with over 69,000 residents within a three-mile radius. The property also benefits from high exposure on Jefferson Avenue, cited at more than 25,000 vehicles per day, and it sits in close proximity to major Detroit venues including Comerica Park, Little Caesars Arena, Ford Field, and GM’s Headquarters.
From a tenant fit perspective, the layout and existing restaurant identity support continued restaurant use, while the asset is also described as being suitable for a retail or restaurant venture. For prospective operators evaluating a low-touch ownership model, the absolute NNN and zero landlord responsibilities are central considerations for budgeting and daily operations.
The building is located on Detroit’s East Jefferson Corridor in the Rivertown Warehouse District. The area is described as densely populated, with over 69,000 residents within a three-mile radius. The property also benefits from high exposure on Jefferson Avenue, cited at more than 25,000 vehicles per day, and it sits in close proximity to major Detroit venues including Comerica Park, Little Caesars Arena, Ford Field, and GM’s Headquarters.
From a tenant fit perspective, the layout and existing restaurant identity support continued restaurant use, while the asset is also described as being suitable for a retail or restaurant venture. For prospective operators evaluating a low-touch ownership model, the absolute NNN and zero landlord responsibilities are central considerations for budgeting and daily operations.
Key Highlights
- 4,807 SF Detroit House of Pancakes building with historic charm in Detroit, MI
- Absolute NNN lease with zero landlord responsibilities and a personal guarantee
- Located on Detroit’s East Jefferson Corridor in the Rivertown Warehouse District
Property Analytics
Who owns this building?
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Current Use
Lease Details
25,000 VPD
Traffic count
Single-tenant
Tenancy
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
85k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Groceries 14%
Dining 7%
Hotels & Casinos 5%
BP
Shops & Services
16,443 visits/mo
0.1 miles
Dollar Tree
Shops & Services
14,548 visits/mo
0.1 miles
Gordon Food Service
Groceries
11,680 visits/mo
0.1 miles
7-Eleven
Shops & Services
10,036 visits/mo
0.0 miles
Chase Bank
Shops & Services
4,514 visits/mo
0.4 miles
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
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Market
Lease Benchmarks for Detroit, MI
$20.28 /SF/Yr
Avg Asking Price
$8.38–$35 /SF/Yr
Price Range
3,724 SF
Avg Space Size
Average Price Trend$/SF/Yr for Conventional restaurants in Detroit, MI
Properties on Market for Conventional restaurants in Detroit
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Absolute NNN lease with zero landlord responsibilities and personal guarantee in a historic-charm restaurant building on Jefferson Avenue.
Where is this conventional restaurant located?
The property is located at 2701 East Jefferson Avenue Detroit, MI.
What is the lease rate?
The lease rate is $1,750,000.
What are key features of this property?
This property features: 4,807 SF Detroit House of Pancakes building with historic charm in Detroit, MI; Absolute NNN lease with zero landlord responsibilities and a personal guarantee; Located on Detroit’s East Jefferson Corridor in the Rivertown Warehouse District
