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Restaurant

Mad Nice

4120 2nd Ave, Detroit, MI 48201

Listing Price: $2,769,000

Cap Rate
6.50%
Tenant Name
Mad Nice
Years Remaining On Lease
8.3
Gross SF
10,500
Guarantor
No Guarantee
Rentable SF
10,500
Price/Gross SF
$263.71
Lease Type
Double Net
Rent Per Square Feet
$17.14

Investment Overview

Rare single tenant investment with over nine years remaining in Detroit's revitalized Midtown area near Little Caesar's Arena, the Fox Theatre, Whole Foods Market and Shinola's flagship store. Mad Nice is the fourth upscale restaurant operated by Heirloom Hospitality which opened late 2023.

Investment Highlights

  • Renown Detroit restaurant operator - Heirloom Hospitality
  • Rare single tenant investment in revitalized Downtown Detroit near Little Caesar's Arena
  • Near Shinola's Flagship Store, Wayne State University, Whole Foods Market and blocks from planned hotels and apartments
  • One mile from Ford Field, Comerica Park, Fox Theatre, Motor City Casino and MGM Grand in Detroit

Exclusively Listed By

Financing By

Restaurant

Mad Nice

Listing Price: $2,769,000

Cap Rate
6.50%
Tenant Name
Mad Nice
Years Remaining On Lease
8.3
Gross SF
10,500
Guarantor
No Guarantee
Rentable SF
10,500
Price/Gross SF
$263.71
Lease Type
Double Net
Rent Per Square Feet
$17.14

Investment Highlights

  • Renown Detroit restaurant operator - Heirloom Hospitality
  • Rare single tenant investment in revitalized Downtown Detroit near Little Caesar's Arena
  • Near Shinola's Flagship Store, Wayne State University, Whole Foods Market and blocks from planned hotels and apartments
  • One mile from Ford Field, Comerica Park, Fox Theatre, Motor City Casino and MGM Grand in Detroit

Investment Overview

Rare single tenant investment with over nine years remaining in Detroit's revitalized Midtown area near Little Caesar's Arena, the Fox Theatre, Whole Foods Market and Shinola's flagship store. Mad Nice is the fourth upscale restaurant operated by Heirloom Hospitality which opened late 2023.

Exclusively Listed By

Financing By

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