Bubba's 33
For Sale
Contact for pricing
720 Brown Road, Auburn Hills, MI 48326
Texas Roadhouse-backed restaurant with a new 15-year absolute net lease.
Property Size7,163 SF
Price / SF$376.94
Days on Market66
Property Features for 720 Brown Road
General Information
Standard status
Active
Size
7,163 SF
Property subtype
Retail
Zoning
B-2, General Business District
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$135,000
Additional Details
Traffic Count
96,726 vehicles/day
Building Details
Year Built
2002
Year Renovated
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Landmark Commercial Real Estate Services
Listed By:
Max Lippitt · License #MI 6501395927
(248) 351-2086
Source:
Crexi
Added: Aug 12
Changed: Oct 14
Last Checked: Oct 14 at 8:30PM
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 Landmark Commercial Real Estate Services
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Investment Insights
Based on property information with market context.
This conventional restaurant property is located within the Auburn Mile Shopping Center and is configured as a pad site serving the surrounding retail environment. The building contains 7,163 square feet and was constructed in 2002. A renovation is underway, with a Fall 2026 opening planned for the Bubba's 33 concept. The lease is structured as a new 15-year absolute net agreement backed by Texas Roadhouse, Inc.
The property is positioned near Meijer, Target, Costco, Sam's Club, Top Golf, Menards, and Home Depot, with adjacency to Great Lakes Crossing Outlets. Direct visibility from I-75 and reported traffic of 96,726 CPD provide additional exposure. The site is zoned B-2, General Business District.
The property is positioned near Meijer, Target, Costco, Sam's Club, Top Golf, Menards, and Home Depot, with adjacency to Great Lakes Crossing Outlets. Direct visibility from I-75 and reported traffic of 96,726 CPD provide additional exposure. The site is zoned B-2, General Business District.
Key Highlights
- 7,163‑square‑foot conventional restaurant property
- New 15‑year absolute net lease backed by Texas Roadhouse, Inc.
- Renovation underway ahead of a Fall 2026 opening
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,150
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,163,000
$2.2M
Cap Rate 7%
$1,545,000
$1.5M
Cap Rate 9%
$1,201,667
$1.2M
Market Conditions
NOI Build-Up for 7,163 SF
Gross rent
$154.7K $21.60/SF
− Vacancy
−$10.5K −$1.47/SF
EGI
$144.2K $20.13/SF
− OpEx
−$36.0K −$5.03/SF
NOI
$108.1K $15.10/SF
Area
Oakland County, MI
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,163,000
Cap Rate 7%
$1,545,000
Cap Rate 9%
$1,201,667
Alternative Uses
Best Use
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $108,150 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
96,726 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
636k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Groceries 19%
Shops & Services 15%
Dining 13%
Costco Wholesale
Superstores
132,028 visits/mo
0.5 miles
Meijer
Groceries
120,799 visits/mo
0.0 miles
Sam's Club
Superstores
98,259 visits/mo
0.3 miles
Topgolf
Leisure
70,745 visits/mo
0.3 miles
Sam's Club Gas Station
Shops & Services
39,140 visits/mo
0.2 miles
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Texas Roadhouse-backed restaurant with a new 15-year absolute net lease.
Where is this conventional restaurant located?
The property is located at 720 Brown Road Auburn Hills, MI.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 7,163‑square‑foot conventional restaurant property; New 15‑year absolute net lease backed by Texas Roadhouse, Inc.; Renovation underway ahead of a Fall 2026 opening
