Drive-Through Restaurant with
For Sale
$989,800
27277 Eureka Rd, Taylor, MI 48180
Arby’s corporate lease-back plus additional rear land offering options for residential or multifamily development.
Property Size2,853 SF
Lot Size5.00 Acres
Days on Market79
Property Features for 27277 Eureka Rd
General Information
Standard status
Active
Size
2,853 SF
Lot size
5.00 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$22,366
Building Details
Building Size
2,853 SF
Year Built
1989
Tenancy
Single
Listing Agency:
Century 21 Curran & Oberski
(313) 203-8209
Listed By:
Dave W Abdallah · License #6501241447
(313) 203-8209
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 8 at 7:49AM
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
Investment Insights
Based on property information with market context.
This offering includes a drive-through Arby’s restaurant building along with land for sale. The property has operated as an Arby’s since 1989, and the current structure is presented with an Arby’s corporate lease-back opportunity. The remarks state there are more than six years remaining on the existing lease.
The site is located at 27277 Eureka Rd in Taylor, MI, near the intersection area of Eureka Rd and Inkster Rd, with the data reported as approximate. The property is described as being less than two miles from Detroit Metro Airport. An additional 3.8 acres of vacant land is located at the rear of the property, which the remarks indicate could be developed as residential homes or multi-family.
For buyers or operators seeking a leased quick-service restaurant asset, the package combines a long-running Arby’s operation with a corporate lease-back context. The remarks also reference a corporate guarantee with Inspired Brands, the parent company operating more than 1,100 locations. For parties interested in expansion beyond the restaurant use, the included rear vacant land provides an additional avenue to evaluate residential or multi-family development concepts, subject to applicable approvals.
The site is located at 27277 Eureka Rd in Taylor, MI, near the intersection area of Eureka Rd and Inkster Rd, with the data reported as approximate. The property is described as being less than two miles from Detroit Metro Airport. An additional 3.8 acres of vacant land is located at the rear of the property, which the remarks indicate could be developed as residential homes or multi-family.
For buyers or operators seeking a leased quick-service restaurant asset, the package combines a long-running Arby’s operation with a corporate lease-back context. The remarks also reference a corporate guarantee with Inspired Brands, the parent company operating more than 1,100 locations. For parties interested in expansion beyond the restaurant use, the included rear vacant land provides an additional avenue to evaluate residential or multi-family development concepts, subject to applicable approvals.
Key Highlights
- Arby’s fast food restaurant in Taylor built in 1989, operating as Arby’s since 1989 (30+/- years)
- Arby’s corporate lease‑back with over 6 years remaining on the current lease
- Almost 5 acres total site includes an additional 3.8 acres of vacant land at the rear
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
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 16%
Groceries 4%
Electronics 1%
McDonald's
Dining
20,925 visits/mo
0.3 miles
Taco Bell
Dining
7,355 visits/mo
0.2 miles
Citgo
Shops & Services
6,835 visits/mo
0.2 miles
A&W Restaurant
Dining
6,321 visits/mo
0.1 miles
Burger King
Dining
5,971 visits/mo
0.3 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 - Arby’s corporate lease-back plus additional rear land offering options for residential or multifamily development.
Where is this drive through 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, operating as Arby’s since 1989 (30+/- years); Arby’s corporate lease‑back with over 6 years remaining on the current lease; Almost 5 acres total site includes an additional 3.8 acres of vacant land at the rear
