32811 Stephenson Hwy - Fast Food FOR SALE


Royal Oak, MI 48073
$1,525,000 USD
586-945-9960
32811 Stephenson Hwy, Royal Oak, MI for Sale
$1,525,000 USD
Fast Food - FOR SALE
1/4
null | 4.82% Cap Rate

32811 Stephenson Hwy
Royal Oak, MI 48073


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$548 USD /SF

CAP RATE

4.82%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McDonald's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C-1

APN/PARCEL ID

25-02-101-061

ASK ABOUT THIS PROPERTY

Doug PassonFortis Net LeaseMore Info
586-945-9960

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Doug PassonFortis Net LeaseMore Info
586-945-9960

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.