Property summary
This Class A, 1-unit restaurant in Sterling Heights, Michigan, presents a compelling investment opportunity. Located at 38944 Dequindre Rd, 48310, in Macomb County, this established business boasts a prime location within a busy plaza. The restaurant specializes in traditional cuisine and enjoys a strong reputation, evidenced by excellent customer reviews. Financial records show an annual gross revenue of $240,000 (or $20,000 monthly) with monthly expenses totaling $15,000, including utilities. The current lease has four years remaining, with a monthly rent of $2,500. The sale includes four dedicated staff members, whose annual payroll is $50,000, and whom the new owner may choose to retain. This turnkey operation offers immediate income potential and a solid foundation for continued growth. The asking price for this exceptional business is $140,000. This is a rare chance to acquire a profitable, well-established restaurant in a high-demand area.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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