Detroit, a city with a rich history in the automotive industry, is an ideal location for a Restaurant For Lease. With a population of around 680,000, Detroit offers a diverse cultural scene, recognized for its contributions to music, art, architecture, and design. The city's infrastructure, including freight railroads, airports, and freeways, makes it an attractive location for businesses. Additionally, Detroit is home to major companies like General Motors, Ford, and Stellantis North America, as well as institutions like Wayne State University and the Henry Ford Health System, ensuring a steady flow of customers. The city's revitalization efforts have also led to the preservation of architectural monuments and historic sites, enhancing its tourism appeal. With a Restaurant For Lease in Detroit, you can capitalize on the city's growing economy and diverse cultural scene.
With 9 Restaurants For Lease available in Detroit, you have a wide range of options to choose from. These restaurants, with an average annual rent of $30 USD per square foot and an average size of 5,777 square feet, offer a unique opportunity to establish a successful business in the city. Detroit's diverse neighborhoods, including Downtown, Midtown, Corktown, and New Center, provide a range of settings for your restaurant, from historic buildings to high-density areas. Additionally, the city's other property types, such as Retail Space, Commercial Real Estate, and Flex Space, offer opportunities for complementary businesses. With its rich cultural heritage, diverse economy, and growing tourism industry, Detroit is an ideal location for a Restaurant For Lease.
How are restaurant leases typically structured?
In Detroit, restaurant leases are typically structured with an average annual rent of $30 USD per square foot, with spaces ranging from 5,777 square feet to 6,300 square feet. These leases often include a base rent, plus additional costs such as taxes, insurance, and maintenance, with terms varying from 5 to 10 years, depending on the landlord and location.
What kitchen equipment is usually included in restaurant leases?
In Detroit, where there are currently 9 available listings of restaurants for lease, the kitchen equipment typically included in these leases may vary depending on the specific property and landlord. However, common items often included are commercial-grade appliances such as ovens, refrigerators, and dishwashers, as well as cooking equipment like stoves, fryers, and grills, which can help restaurateurs get their business up and running quickly in this city with an average annual rent of $30 USD per square foot and average restaurant size of 5,777 square feet.
