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Property profile & analytics
OFF-MARKET
Estimated value
$2,860,000
Drive through restaurants
17700 Grand Riv Ave Detroit, MI 48227-1404
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1729135
Property summary
AI-generated overview
This exceptional investment opportunity presents a 3,636 square foot, 100% occupied QSR property located at 17700 Grand River Ave, Detroit, MI 48227. The property, built in 1994 and renovated in 2025, sits on a 0.93-acre lot and boasts a strong 5.85% cap rate with a current NOI of $128,000. The asking price is $2,188,034. The property is leased to the largest Popeyes franchisee under a brand new 20-year Triple Net (NNN) lease, eliminating all landlord responsibilities. The lease includes four 5-year renewal options, potentially extending the lease term to 40 years. Rent increases of 10% every 5 years are built into the lease, including option periods. The property is situated in a revitalizing area of Detroit, within the 4.4 million-person Detroit MSA, and benefits from proximity to numerous national retailers, including McDonald's, CVS, and Rite Aid. This sale-leaseback offers a secure, high-yield investment with significant long-term growth potential. The property's strong tenant, robust expansion plans, and attractive lease terms make it an ideal addition to any portfolio.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1994
Total area
3,636 SF
Lot
0.93 ac (40,511 SF)
Zoning code
B4
APN
22008171-4
UPID
US43-1729135
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Popeyes Louisiana Kitchen Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.86M
Owner & transaction history
Zubha Props Re LP · 5 yrs held
Zubha Props Re LP
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,050,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.86M
Range $2.57M – $3.15M · ±10% · vs last sale $2.76M (Jun 15 2021)
Last sale anchor
$2.76M
Jun 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$787 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$14,941
Tax year 2020
Assessed value
$245,300
Assessed 2024
Previous assessed
$219,200
+11.9% YoY
Effective rate
6.09%
On assessed value
Total market value
$490,600
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
3,636 SF
Lot
0.93 ac (40,511 SF)
Zoning code
B4
APN
22008171-4
UPID
US43-1729135
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Detroit, MI
Zoning B4 · permitted uses
B4 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Zubha Props Re LP
Entity
Mailing address
4415 HWY 6TH 6, SUGAR LAND, TX 77478-4476
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
—
Zubha Props Re LP
—
Deed
related
$25,000,000 · Zb NA
Jun 15, 2021
$2,760,891
Zubha Props Re LP
Brodersen Properties LLC
Deed
$35,000,000 · Zb NA
Jun 15, 2021
—
Zubha Pop Foods LLC
—
Deed
related
$58,240,800 · Bank Of America NA
May 7, 2020
—
Brodersen Properties LLC
—
Deed
related
$30,504,000 · Wells Fargo Bk
Sep 26, 2017
—
Brodersen Properties LLC
—
Loan Modification
related
$54,268,866 · Wells Fargo Bk
Apr 17, 2017
—
Brodersen Properties LLC
—
Loan Modification
related
$50,017,500 · Wells Fargo Bk
Apr 14, 2011
—
Brodersen Properties LLC
—
Deed Of Trust
related
$32,000,000 · Wells Fargo Bk
—
—
Brodersen Properties LLC
—
Loan Modification
related
$30,504,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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