Church’s Chicken
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Marvin DeLaura

Senior Director

Alec Manoogian

Investment Advisor

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PROPERTY ADDRESS

2757 W Davison Ave., Detroit, MI 48238

PROPERTY INFORMATION

Price:
$385,700
Cap Rate:
7.75%
Term Remaining:
7 Years
Year Built:
1977
Status:
Available

INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • 7+ Years Remaining on Original Lease
  • Lease has a Corporate Guarantee
  • 1.5% Annual Rent Increases

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a free-standing Church’s Chicken located at 2757 W Davison Ave, Detroit, MI. The tenant, Cajun Operating Company signed an absolute NNN lease that is guaranteed through December 2024, requiring zero landlord responsibilities. The entire Corporate entity is responsible for the lease. The lease also features 1.5% annual rent increases to hedge against inflation.

This investment property is surrounded by many national retailers such as Dollar General, Rite Aid, Family Dollar, Dollar Tree, Taco Bell and more. The five mile population exceeds 415,000 residents. This is an ideal opportunity for an investor to purchase a passive income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance and capital expenditures including the roof, structure & HVAC.