2701 Jefferson Ave Detroit, MI 48207

This exceptional investment opportunity presents a 4,807 square foot, single-tenant, net-leased restaurant property located at 2701 E Jefferson Ave, Detroit, MI 48207. The property, built in 1915, sits on a 0.8-acre lot and boasts 66 parking spaces. Currently operating as a Detroit House of Pancakes franchise, the property enjoys 100% occupancy under a 10-year lease (commencing September 1, 2020, and expiring August 31, 2030), with six years remaining. The lease includes two five-year renewal options, with a 10% rent increase in year six and each option period. The property's Net Operating Income (NOI) is $120,000, resulting in a compelling 6.86% capitalization rate. The asking price is $1,750,000. The property is zoned B4 and benefits from its prime location in the Rivertown Warehouse District on Detroit's East Jefferson Corridor, a densely populated area with over 69,000 residents within a three-mile radius. Its proximity to major venues like Comerica Park, Little Caesars Arena, Ford Field, and GM Headquarters adds significant value. This is a rare opportunity to acquire a stable, high-performing asset with a strong franchise tenant and significant upside potential. The lease is a triple-net (NNN) lease, meaning the tenant is responsible for all operating expenses, providing the landlord with minimal responsibilities. The lease includes a personal guarantee from the franchisee.