Corporate Tim Hortons
Search other listings in Detroit, MI, US
Listing was updated on: 04/26/2020
Property Overview
| Price/Rent PSF | $ 995,000.00 |
| Asset Type | Retail |
| Trade Type | Sale |
| SQ. FT. Available | 1,638 |
| Date Available | 04/24/2020 |
| Additional URL | Link |
| Additional parameters | Show |
Explore financing options
Click to add the listing to favorites
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Copy iframe
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Make a Note
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Add to Listing Report
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Create Listing PDF
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Description
Location
Just west of West Village, Islandview is named for its proximity to Detroit's island park, Belle Isle. The neighborhood is bound by Jefferson on the south, Mack to the north, Mt. Elliott to the west and Baldwin Street on the east. Historic single- and multi-family homes, apartments and rowhouses populate the eastern end of the neighborhood. The western end is home to nonprofits like Gleaners Community Food Bank and Capuchin Soup Kitchen and its Earthworks Urban Farm.
Sale
Fortis Net Lease is pleased to present a free-standing Tim Hortons restaurant located at 7201 E Jefferson Ave in Detroit, Michigan. The tenant recently signed a ten year lease extension through December of 2029 showing commitment to this location. The NNN Ground Lease requires no landlord responsibilities and has 7% increases every 5 years. There are two (2) five (5) year options to extend.
The subject property is located just 2.5 Miles East of Downtown Detroit at the main entrance to Bell Isle Park is in a very densely populated area with over 187,900 residents within five miles. The median home value within one mile is over $105,000. This is an ideal opportunity for an investor to purchase a passive income real estate asset with absolutely zero management responsibilities.
Location