9871 Livernois St Detroit, MI 48204
- Retail properties
- 2,127 SF
- 1.10 lot acres
Current Use by Public Records
- Burger King / Restaurant / Fast Food Restaurant
Property Details for 9871 Livernois St
- Year built
- 1988
- Lot size
- 1.10 lot acres
- Property size
- 2,127 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee simple interest in a Burger King restaurant located at 9871 Livernois, Detroit, MI 48204. The property boasts a 2,127 square foot building on a 1.1-acre lot, featuring 67 parking spaces and a drive-thru. Built in 1988 and renovated in 2021, this location benefits from a highly favorable absolute NNN lease with a corporate guarantee from Burger King, providing zero landlord responsibilities. The lease commenced January 1, 2000, and has a remaining term of approximately 10.1 years, expiring January 1, 2035. The property enjoys a strong location at a signalized, hard corner intersection off Interstate 96, serving a substantial consumer base within a robust demographic area. The asking price is $1,711,000, representing a price per square foot of $804.42 and a 4.50% cap rate, with a current Net Operating Income (NOI) of $77,000. The property's APN is 16018198-210. This is a rare opportunity to acquire a well-established, passively managed, high-performing fast-food asset with significant remaining lease term and strong historical performance. The property has been operating for over 22 years, demonstrating consistent profitability and tenant reliability.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1393
- Latitude
- 42.3697
