Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Famous Dave’s, a 7,000-square foot net-leased property located in Novi, MI, according to Steven D. Weinstock, Vice President / Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $4,413,793.
Austin Weisenbeck and Sean R. Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office and Aaron Baum, investment specialist in Marcus & Millichap’s Manhattan office had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a developer, was secured by Joseph Sigal, Sean R. Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Chicago Oak Brook office. Regional Manager, Broker, assisted in closing this transaction.
Famous Dave’s is located at 43350 Crescent Boulevard in Novi, MI and sold at 93 percent of original list price. Store sales are above national average for a corporate or franchised location. As a winner of multiple awards, this location has been one of the top stores in the chain many times over. With little to no BBQ competition in the casual dining segment, this location serves a number of guests from many neighboring cities
