Building Details

Building Size 70,000 SF

Tenancy Single

Listing Agency: RESTAURANT DEVELOPMENT ADVISORS

Listed By: Keith Rogers · License #6504206925

Source: Crexi

Added: Mar 18, 2024 Changed: Aug 8 Last Checked: Aug 19 at 9:07PM

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Investment Insights

Based on property information with market context.

This property offers a 10,000-square-foot restaurant space within the Hub Stadium in Novi. The space is fully built out and includes a kitchen, bar, and brick pizza oven. Equipment is available.

Key Highlights

• 10,000 sf restaurant space
• Fully built‑out restaurant
• Located within the Hub Stadium in Novi

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Electrical Service Auto Repair Shop HVAC Service Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.00 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

138

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 48377, MI

19,691

Population

9,961

Households

2

Avg Household Size

39

Median Age

52%

College-Educated

95%

High-School Grad

9.6 sq mi

ZIP Area

2,051

Density / Sq Mi

$83,368

Median Household Income

$54,373

Median Earnings

$1,439

Median Rent

$332,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - 10,000 SF restaurant space with kitchen and bar.

Where is this conventional restaurant located?

The property is located at 44325 W 12 Mile Rd Novi, MI.

What is the lease rate?

The lease rate is $20 SF/Yr.

What are key features of this property?

This property features: 10,000 sf restaurant space; Fully built‑out restaurant; Located within the Hub Stadium in Novi