18592 9th Mile Rd Eastpointe, MI 48021-1951
Property profile & analytics
18592 9th Mile Rd, Eastpointe, MI 48021-1951
- Drive through restaurants
- 2,428 SF
- 0.74 lot acres
Property ID
US43-3804350
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Popeyes Louisiana Kitchen / Restaurant
Property Details for 18592 9th Mile Rd
- Year built
- 2014
- Lot size
- 0.74 lot acres
- Zone code
- B-3
- Property type
- Drive through restaurants
- APN
- 02-14-32-230-018
- APU
- 21432230018
Description
This exceptional investment opportunity presents a 2,428 square foot Popeyes restaurant located at 18592 E 9 Mile Rd, Eastpointe, MI 48021. Built in 2014 on a 0.74-acre lot, this property boasts a 20-year triple-net (NNN) lease with a highly reputable tenant, the largest Popeyes franchisee in the system. The lease includes a 5.85% cap rate and a substantial net operating income (NOI) of $189,000. Rent increases are structured at 10% every five years, including option periods, providing significant long-term growth potential. Four 5-year renewal options extend the potential lease term to 40 years. The property enjoys exceptional visibility and accessibility, situated along E 9 Mile Road, a high-traffic thoroughfare with over 52,000 cars daily, and in close proximity to Interstate 94 (over 130,000 cars daily). This location benefits from its position within the Detroit Metro area, a major economic hub. The asking price is $3,230,769, representing a compelling investment with minimal landlord responsibilities and strong tenant guarantees. The property is 100% occupied. This is a rare opportunity to acquire a secure, high-performing asset with substantial long-term income potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,820,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Eastpointe
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9286
- Latitude
- 42.465
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$27,702
$0.00
$0.00
$365,100
-
$0.00
$0.00
$730,200
