- For Sale $4,000,000
- Property Type Retail - Freestanding
- Property Size 2,500 SF
- Lot Size 1 Acre
- Property Tenancy Single Tenant
- Year Built 2026
- Date Updated May 15, 2026
Description
Mid-America Real Estate - Michigan, Inc. has been retained on behalf of ownership to sell the 100% fee simple interest in 1 acre of land with a ground lease containing a brand-new 2,500 square foot CAVA Grill restaurant with a drive-thru in Livonia, Michigan. The property is ideally positioned at the northeast quadrant of 7 Mile Road and Haggerty Road, in a tier 1 market in Michigan, and offers investors a near bulletproof income stream featuring a long-term ground lease in a strong and stable market.
Highlights
- 15-year ground lease
- 2026 new construction
- Ground Rent: $220,000
- Lease Type: Ground Lease
- LL Responsibilities: None
- Options: Four 5-year options
- Rent Increases: 10% every 5 years
- Term: Fifteen (15) Years
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Contacts
Eric Birnholtz
Mid-America Real Estate Group
Location
Contact Listing Broker
Eric Birnholtz
Mid-America Real Estate Group
