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McDonald's 32811 Stephenson Hwy

2,784 SF Retail Building Royal Oak, MI 48073 £1,194,532 (£429/SF) 4.82% Net Initial Yield

Investment Highlights

  • Absolute NNN Ground Lease | No Landlord Responsibilities
  • 5% Rent Bump in 2026 During Initial Lease Term
  • 3 Mile Population Exceeds 108,373 Residents  
  • McDonald's Exercised Early Option
  • Corporate Guarantee | S&P Rating 'BBB+"
  • Average Daily Traffic Counts Exceed 25,000 VPD

Executive Summary

Fortis Net Lease is proud to present a free standing McDonald’s absolute NNN ground lease located at 32811 Stephenson Highway in Madison Heights, Michigan. McDonald's recently exercised option early which now leaves eight years remaining on the current lease with one 5.00% rental rate increase on November 1, 2026. One, Five-Year option to renew remains at Fair Market Value. The subject property is located on the east side of busy Stephenson Highway, just south of Fourteen Mile Road. The average household income within three miles of the property exceeds $89,994 and the three mile population is 108,373. Surrounding retail tenants include T-Mobile, Hobby Lobby, Oakland Mall, Hampton Inn, Rodeway Inn, and Bishop Foley High School.

Attachments

McDonald_s_GL_-_Madison_Heights__MI_-_Fortis_OM (8)

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,784 SF
Building Class
C
Year Built
1998
Price
£1,194,532
Price Per SF
£429
Net Initial Yield
4.82%
NOI
£57,576
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.05 AC
Zoning
C-1 - Commercial
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
150 ft on Stephenson Hwy

Amenities

  • Pylon Sign
  • Drive Thru
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32811 Stephenson Hwy, Royal Oak, MI - aerial map view - Image1
32811 Stephenson Hwy, Royal Oak, MI - aerial map view - Image2
32811 Stephenson Hwy, Royal Oak, MI - aerial map view - Image3

Nearby Major Retailers

Twin Peaks
Outback Steakhouse
Anytime Fitness
Powerhouse Gym
Bob Evans Restaurants
Citizens Bank
Starbucks
Chili's Grill & Bar
Red Robin Gourmet Burgers And Brews
Chase Bank

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-02-101-061
  • 25-02-601-001
 Improvements Assessment £0
Land Assessment £0 Total Assessment £391,658

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-02-101-061
  • 25-02-601-001
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£391,658
(586) 945-9960

Contacts

  • Listing ID: 32541254

  • Date on Market: 22/07/2024

  • Last Updated:

  • Address: 32811 Stephenson Hwy, Royal Oak, MI 48073

The Retail Property at 32811 Stephenson Hwy, Royal Oak, MI 48073 is currently available for sale. Contact Fortis Net Lease for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

McDonald's | 32811 Stephenson Hwy
(586) 945-9960 x

McDonald's | 32811 Stephenson Hwy

1/2

Doug Passon

(586) 945-9960

(586) 945-9960

Robert Bender

(248) 254-3406

(248) 254-3406

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