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Drive ThruProperty Sale

Investment property for sale

17010 Harper Ave, Detroit, MI 48224, USA
Size
2,201 sq ft (Bldg) · 0.54 Acres
Asking Price$1,790,000
Building Size2,201 sq ft
Lot Size0.54 Acres
Lease TypeNNN Lease
Lease TermLong Term
  • 2,201 sq ft
  • 0.54 Acres
  • APN: 21-003793
  • Drive-Thru

Listing Agent

Ehren Jacobs
Ehren Jacobs
The Jacobs Group

Interested in this property?

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Drive Thru

About this Property

  • Corporate-backed Wendy’s location with consistent national brand performance.
  • Annual NOI of approximately $112,000 with predictable rental increases.
  • High-visibility site near I-94, delivering strong daily traffic counts and accessibility.
  • Positioned on a half-acre lot with drive-thru capabilities and ample parking for 28+ vehicles.
  • Located in Detroit’s retail corridor benefiting from ongoing city revitalization and infrastructure investment.

This Wendy’s property at 17010 Harper Avenue offers investors a stable, long-term net lease opportunity in the Detroit market with a nationally recognized quick-service brand. The site operates under a NNN lease structure backed by WM Limited Partnership LLC, with Res Management LLC as guarantor. The property benefits from high visibility along Harper Avenue with proximity to I-94, ensuring consistent customer traffic.

The current lease has over 19 years remaining on the original 20-year term, along with six additional five-year renewal options, providing strong cash flow security for decades. Annual net operating income is approximately $112,000 with structured rental escalations of up to 1.25% or CPI. Situated on a 23,522 sq. ft. lot with professional landscaping and ample parking, this single-tenant retail property represents passive income supported by a reliable national tenant.

Detroit continues to experience revitalization, enhancing the long-term value of well-located properties. Investors gain the advantage of fee simple ownership and a predictable income stream in a high-traffic retail corridor anchored by a strong brand presence.

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