19615 Plymouth Rd Detroit, MI 48228-1209

This exceptional investment opportunity presents a thriving Subway franchise located at 19615 Plymouth Rd, Detroit, MI 48223. The property, built in 1973, encompasses 1,828 square feet on a 0.24-acre lot and features a single-story building. Currently operating under a Net Net (NN) lease with a remaining term of five years, this Subway location boasts 100% occupancy and a strong financial performance. The asking price is $250,000, representing a price per square foot of $136.76 and a cap rate of 6.86%. The property generates a Net Operating Income (NOI) of $17,150 annually. This Subway has a long operational history at this location, commencing in 2002, and recently renewed its lease. The location benefits from a dense population, with an estimated 390,187 people residing within a five-mile radius. This established, high-performing Subway franchise offers a compelling investment opportunity with significant potential for continued growth and profitability. The property is a single-tenant retail space within the QSR/Fast Food subtype.