Map of Property

McDonald's Ground Lease

For Sale

32811 Stephenson Hwy, Madison Heights, MI 48071

This Madison Heights property for sale is located at 32811 Stephenson Hwy. The current listed sale price for McDonald's Ground Lease is $1,716,421. McDonald's Ground Lease is situated on a lot that is 1.05 acre in size.

Contacts

broker

Doug Passon

Fortis Net Lease

(248) 254-3407

Property Details

  • Property Type Retail - Freestanding
  • Property Size 2,784 SF
  • Units 1
  • Lot Size 1.05 Acre
  • Property Tenancy Single Tenant
  • Year Renovated 2013
  • Date Updated Jan 17, 2024
Madison Heights is a vibrant suburban city located in Oakland County, Michigan. Situated just north of Detroit, this thriving community is known for its diverse population, excellent amenities, and convenient access to major highways. The city's bustling commercial corridors feature an array of shopping centers, restaurants, and entertainment options, providing residents with a wide range of choices for leisure and recreation. Madison Heights boasts a strong sense of community, with numerous parks, sports facilities, and cultural events that bring neighbors together. The city's commitment to education is evident in its top-notch schools and libraries, ensuring a nurturing environment for families and young professionals alike. From its family-friendly neighborhoods to its dynamic business district, Madison Heights offers a blend of urban convenience and suburban charm, making it a highly desirable place to live in the Greater Detroit area.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. There are eight years remaining on the current lease with one, 5-year lease renewal option that has a 5.00% rental rate increase. 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 $108,373 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.

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Highlights

  • Absolute NNN Ground Lease | No Landlord Responsibilities
  • Lease Option Recently Exercised, Leaving 8 Years Remaining
  • Corporate Guarantee | S&P Rating "BBB+"
  • 3 Mile Population Exceeds 108,373 Residents
  • Average Daily Traffic Counts Exceed 25,000 VPD
  • 3 Mile Average Income Exceeds $89,994

Getting around

  • 61/100

    Walk Score ®

  • 49/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Madison Heights, MI
  • Neighborhood Madison Heights
  • Zip Code 48071
  • Market Detroit

Points of Interest

  • Royal Oak

    3.33 miles

  • Troy

    3.63 miles

  • CDM Transport LLC

    8.75 miles

  • Mobil

    0.04 miles

  • Amoco

    0.69 miles

  • Mobil

    0.74 miles

  • Citgo

    0.74 miles

  • Sunoco

    0.76 miles

  • Marathon

    0.90 miles

  • Sunoco

    1.07 miles

  • Sam's Club

    1.08 miles

  • Shell

    1.12 miles

  • Costco Gasoline

    1.15 miles

  • Main North Garage

    3.13 miles

  • Lafayette Avenue Parking Structure

    3.41 miles

  • North Parking Deck

    3.75 miles

  • Valet

    3.83 miles

  • Somerset Parking Lot

    3.86 miles

  • South Parking Deck

    3.90 miles

  • Employee and Student Parking (south)

    3.95 miles

  • West Parking Deck (Employee only)

    3.98 miles

  • Student Parking

    3.98 miles

  • (Employee only)

    3.99 miles

  • McDonald's

    0.00 miles

  • New York Red Hots Coney Island

    0.05 miles

  • Applebee's

    0.06 miles

  • Twin Peaks

    0.08 miles

  • Outback Steakhouse

    0.25 miles

  • Bob Evans

    0.42 miles

  • Steak 'n Shake

    0.44 miles

  • Chili's

    0.50 miles

  • Fuji's Japanese Buffet

    0.56 miles

  • Grand Azteca

    0.57 miles

  • Macy's

    0.47 miles

  • Oakland Mall

    0.58 miles

  • 168 Asian Mart

    0.64 miles

  • JCPenney

    0.65 miles

  • Big Lots

    0.66 miles

  • Target

    0.74 miles

  • China Town Market

    0.88 miles

  • Tienda Mexicana

    0.90 miles

  • Meijer

    1.41 miles

  • Hollywood Market

    1.82 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Doug Passon

Fortis Net Lease

(248) 254-3407