20919 8th Mile Rd Detroit, MI 48219-1335

This exceptional investment opportunity presents a freestanding 3,829 square foot Popeyes restaurant situated on a 0.66-acre lot in Detroit, Michigan. The property boasts a prime location on Eight Mile Road, a heavily trafficked retail corridor with over 54,000 vehicles per day, and enjoys close proximity to Michigan Highway 10. The building, constructed in 2000 and renovated in 2025, is currently 100% occupied under a brand new 20-year triple-net (NNN) lease with the largest Popeyes franchisee in the system. This hands-off investment offers significant upside potential with 10% rent increases every five years, and four additional five-year renewal options, extending the potential lease term to 40 years. The franchisee, a major player in the QSR industry with a substantial portfolio and significant expansion plans, guarantees a stable and reliable income stream. The property's strong financial performance is reflected in a 5.85% cap rate and a net operating income (NOI) of $167,000. The surrounding area is undergoing revitalization, further enhancing the long-term value of this exceptional investment. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market. The Detroit metro area, the most populous city in Michigan, offers a diverse and thriving economy, providing a strong foundation for continued success.