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1175 E 14 MILE RD
TROY, MI 48083-4615
Asking Price
Contact for price
Asset Type
Restaurant Retail
Class
Class B
What's Special
Leased restaurant 14 Mile Road Troy MI <p>Freestanding building in high traffic corner location, currently leased out, lease is eligible for renewal or renegotiation. Currently leased and used for restaurant. Lease is $3000 per month with owner paying taxes and insurance. Tenant has completed first five year term and can be renewed with new ownership. Do not discuss sale with employees, they are unaware.</p>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
