Turn-Key BBQ Restaurant
For Sale
$1,200,000
2760 W Jefferson Ave, Trenton, MI 48183
Turn-key Roundhouse BBQ restaurant with included liquor license and furniture, fixtures, and equipment.
Property Size3,289 SF
Lot Size1.50 Acres
Price / SF$364.85
Days on Market298
Property Features for 2760 W Jefferson Ave
General Information
Standard status
Active
Size
3,289 SF
Lot size
1.50 Acres
Property subtype
Retail
Zoning
CBD
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Building Size
3,289 SF
Year Built
1999
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Greg Hornby · License #6501313839
(248) 324-2000
Source:
Cpix.resimplifi
Added: Nov 11, 2025
Changed: Aug 8
Last Checked: Sep 5 at 3:40AM
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 Friedman Integrated Real Estate
Investment Insights
Based on property information with market context.
Confidential listing: Turn-key Roundhouse BBQ restaurant on a downtown corner assembled from five lots spanning from Jefferson to 3rd street, totaling approximately 1.5 acres. The sale includes the liquor license as well as the restaurant’s furniture, fixtures, and equipment.
The downtown Trenton area is described as walkable with retail, bars, restaurants, riverfront access, and summer festivals, with Elizabeth Park minutes away.
All communications must be directed to the broker.
The downtown Trenton area is described as walkable with retail, bars, restaurants, riverfront access, and summer festivals, with Elizabeth Park minutes away.
All communications must be directed to the broker.
Key Highlights
- Established Roundhouse BBQ restaurant operation with liquor license included
- Furniture, fixtures, and equipment included for a turn‑key operation
- Premier downtown corner consisting of 5 lots from Jefferson to 3rd street totaling 1.5 acres
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
$42,625
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
3.55%
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%
$852,500
$852.5K
Cap Rate 7%
$608,929
$608.9K
Cap Rate 9%
$473,611
$473.6K
Market Conditions
NOI Build-Up for 3,289 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
$59.2K $18.00/SF
− Vacancy
−$2.4K −$0.72/SF
EGI
$56.8K $17.28/SF
− OpEx
−$14.2K −$4.32/SF
NOI
$42.6K $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%
$852,500
Cap Rate 7%
$608,929
Cap Rate 9%
$473,611
Alternative Uses
Best Use
Specialty Retail
$608.9K
$532.8K – $710.4K
NOI $42,625 @ 7.0% cap · market cap 3.55%
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
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
238k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 41%
Apparel 25%
Shops & Services 13%
Home Improvements & Furnishings 13%
Target
Superstores
96,475 visits/mo
0.5 miles
Marshalls
Apparel
34,179 visits/mo
0.4 miles
HomeGoods
Home Improvements & Furnishings
31,775 visits/mo
0.5 miles
maurices
Apparel
10,038 visits/mo
0.4 miles
Bath & Body Works
Beauty & Spa
9,036 visits/mo
0.4 miles
Demographics for 48183, MI
42,447
Population
18,095
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,358
Density / Sq Mi
$82,020
Median Household Income
$51,534
Median Earnings
$1,009
Median Rent
$214,000
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 - Turn-key Roundhouse BBQ restaurant with included liquor license and furniture, fixtures, and equipment.
Where is this conventional restaurant located?
The property is located at 2760 W Jefferson Ave Trenton, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Established Roundhouse BBQ restaurant operation with liquor license included; Furniture, fixtures, and equipment included for a turn‑key operation; Premier downtown corner consisting of 5 lots from Jefferson to 3rd street totaling 1.5 acres
