6308 N Wayne Rd, Westland, MI
Fully equipped, newly renovated drive-thru restaurant building with ample parking.
- Added:
- Jun 24, 2024
- Days on Market:
- 722
- Last Refresh:
- May 20 at 8:52 pm
Property Features for 6308 N Wayne Rd
General Information
- Standard status
- Active
- Size
- 2,839 SF
- Lot size
- 0.64 Acres
- Property subtype
- RETAIL
Listing agent Matthew Swantko License #6505422306 (248) 488-2620
Listing office Landmark Commercial Real Estate Services (248) 488-2620
Listing date Jun 24, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Landmark Commercial Real Estate Services
HighLights
- Fully Equipped Freestanding Drive‑Thru Restaurant Building
- Newly Renovated Building Including Interior and Exterior Improvements
- Ample Parking available for customers and staff.
- Multiple Points of Ingress/Egress
- Monument Signage available
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.1k | $18.00 |
| − Vacancy | −$2.0k | −$0.72 |
| EGI | $49.1k | $17.28 |
| − OpEx | −$12.3k | −$4.32 |
| NOI | $36.8k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3349
- Latitude
- 42.3042
