Fast Food Restaurant with
For Sale
Contact for pricing
27277 EUREKA RD, Taylor, MI 48180
Arby’s corporate lease-back property with additional rear land for potential residential or multifamily development.
Property Size2,853 SF
Price / SF$346.93
Days on Market75
Property Features for 27277 EUREKA RD
General Information
Standard status
Active
Size
2,853 SF
Total Parking Spaces
30
Property subtype
Retail, Mixed Use
Zoning
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1989
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CENTURY 21 Curran & Oberski Dearborn Heights
(313) 203-8215
Listed By:
Dave Abdallah · License #MI
Source:
Crexi
Added: May 27
Changed: Aug 8
Last Checked: Jul 16 at 5:09AM
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 CENTURY 21 Curran & Oberski Dearborn Heights
Investment Insights
Based on property information with market context.
This for-sale package includes an Arby’s fast food restaurant building and land. The property has operated as an Arby’s since 1989, and the current Arby’s corporate lease has approximately six years remaining. A vacant land component—about 3.8 additional acres located to the rear of the site—is also included for possible development.
The site is located in Taylor, Michigan at 27277 Eureka Rd, near the intersections of Eureka Rd and Inkster Rd. The offering is presented as “building plus land” with corporate guarantee described as Inspired Brands (parent company) backing the lease. The data provided also indicates the location is less than 2 miles from Detroit Metro Airport.
For buyers, this combination of a corporate-leased restaurant and additional rear acreage can fit strategies that want an operating asset with lease-back terms alongside further land utility. The rear parcel could be considered for residential home development or multifamily development, subject to applicable approvals. Data is approximate, as stated in the remarks.
The site is located in Taylor, Michigan at 27277 Eureka Rd, near the intersections of Eureka Rd and Inkster Rd. The offering is presented as “building plus land” with corporate guarantee described as Inspired Brands (parent company) backing the lease. The data provided also indicates the location is less than 2 miles from Detroit Metro Airport.
For buyers, this combination of a corporate-leased restaurant and additional rear acreage can fit strategies that want an operating asset with lease-back terms alongside further land utility. The rear parcel could be considered for residential home development or multifamily development, subject to applicable approvals. Data is approximate, as stated in the remarks.
Key Highlights
- Arby’s Fast Food Restaurant in Taylor built in 1989 and operating as Arby’s since 1989 (30+/- years)
- Almost 5 acres total with an additional 3.8 acres of vacant land at the rear
- Lease‑backed opportunity with 6+ years remaining on the current Arby’s corporate lease
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
$36,975
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
3.74%
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%
$739,500
$739.5K
Cap Rate 7%
$528,214
$528.2K
Cap Rate 9%
$410,833
$410.8K
Market Conditions
NOI Build-Up for 2,853 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
$51.4K $18.00/SF
− Vacancy
−$2.1K −$0.72/SF
EGI
$49.3K $17.28/SF
− OpEx
−$12.3K −$4.32/SF
NOI
$37.0K $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%
$739,500
Cap Rate 7%
$528,214
Cap Rate 9%
$410,833
Alternative Uses
Best Use
Specialty Retail
$528.2K
$462.2K – $616.3K
NOI $36,975 @ 7.0% cap · market cap 3.74%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 16%
Groceries 4%
Electronics 1%
McDonald's
Dining
20,925 visits/mo
0.2 miles
Taco Bell
Dining
7,355 visits/mo
0.1 miles
Citgo
Shops & Services
6,835 visits/mo
0.1 miles
A&W Restaurant
Dining
6,321 visits/mo
0.1 miles
Burger King
Dining
5,971 visits/mo
0.2 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Arby’s corporate lease-back property with additional rear land for potential residential or multifamily development.
Where is this conventional restaurant located?
The property is located at 27277 EUREKA RD Taylor, MI.
What is the asking price?
The asking price for this property is $989,800.
What are key features of this property?
This property features: Arby’s Fast Food Restaurant in Taylor built in 1989 and operating as Arby’s since 1989 (30+/- years); Almost 5 acres total with an additional 3.8 acres of vacant land at the rear; Lease‑backed opportunity with 6+ years remaining on the current Arby’s corporate lease
