SAB Capital is pleased to present Famous Dave’s in Roseville, Michigan, just 12 miles Northeast of Downtown Detroit. The tenant will sign a brand new 15-year, Absolute Triple Net lease at the close of escrow, recommitting to this site after having operated here since 2003. The lease will feature 7.5% increases every 5 years to serve as a hedge against inflation. The subject is within one of the densest retail corridors in the local metropolitan area, with over 3.4 million square feet of existing retail space within one mile, which includes the Macomb Mall. Its location along East 13 Mile Road sees over 34,000 vehicles per day, with an additional 103,000+ vehicles traveling on the adjacent I-94 every day.

  • Famous Dave’s in Roseville, MI | 12 Miles Northeast of Downtown Detroit
  • Conservative 6.50% Rent to Sales Ratio
  • Tenant Will Sign a Brand New 15-Year Lease at the Close of Escrow | Long-Term Commitment to Site
  • Absolute Triple Net Lease Terms (NNN) | Zero Landlord Responsibilities
  • Scheduled Rent Increases of 7.5% Every 5 Years | Strong Hedge Against Inflation
  • Site Has Been Home to Famous Dave’s Restaurant Since 2003 | Displays Long-Term Success at Location
  • Tenant has Experienced Five Consecutive Years of Sales Growth | Including a 5.5% Sales Increase in 2020 and a 4.8% Sales Increase in 2021
  • Core Market Fundamentals | Over 272,000 Residents Within Five Miles of the Subject
  • Located Along a Heavily Trafficked Thoroughfare Just Off of an Interstate Highway | 34,000+ VPD on East 13 Mile Road and 103,000+ VPD on I-94
  • Oversized 1.52 Acre Lot With Ample Parking | 86 Surface Lot Spaces
  • Extremely Dense Trade Area | Over 3.4 Million Square Feet of Existing Retail Space Within One Mile of the Subject
  • Adjacent to Two Hotels With One Advertising as an Extended Stay | 200+ Total Rooms With Several Other Hotels and Lodging Facilities Within One Mile
  • Less Than ¾-Mile From the Macomb Mall | 950K+ Square Feet Shopping Mall With National Anchor Tenants
  • National Tenants Located Nearby : Home Depot, IHOP, Culver’s, PetSmart, Cracker Barrel, Meijer, Bed, Bath & Beyond, Best Buy, Tim Horton’s, T-Mobile, and Many More

Tenant Price Cap Rate Lease Type Square Feet Status
Famous Dave's $4,214,285 % Closed