19345 Livernois StDetroit, MI 48221

For Sale
$525,000

High-return restaurant investment, 5,600 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a thriving restaurant located at 19345 Livernois in Detroit, Michigan, within the vibrant "Avenue of Fashion" corridor. The property boasts 5,600 square feet on a 0.14-acre lot, zoned B-3. The building underwent a complete renovation in 2020, showcasing a modern and appealing aesthetic both inside and out. Currently occupied by Kuzzo's Chicken & Waffles under a triple-net (NNN) lease, the property generates a strong monthly rent of $4,000. The lease has six years remaining, expiring January 31, 2030, with two five-year renewal options, each including a 3% annual rent increase. This translates to a compelling 9% cap rate on the asking price of $525,000. The 100% occupancy ensures immediate cash flow for the investor. This is a turnkey operation situated in a high-traffic area, offering significant potential for long-term growth and profitability. The property's strong tenant and favorable lease terms make it an attractive investment for discerning buyers. Please note that the tenant should not be disturbed.

Highlights

  • Prime restaurant space for sale on the Avenue of Fashion.
  • Building features a recent exterior and interior renovation.
  • Strong current tenant, Kuzzo's Chicken & Waffles, pays $4,000/month NNN.
  • Lease has six years remaining (expiring January 31, 2030).
  • Two five-year renewal options with 3% annual rent increases.
  • Do not disturb tenant.

Property Details for 19345 Livernois St

Property type
Other retail properties, Restaurants
Square Feet
5,600 SF
Year Renovated
2020
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.434131
Longitude
-83.141929
19345 Livernois St, Detroit, Michigan

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19345 Livernois St
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