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32811 Stephenson Hwy
Royal Oak, MI 48073

McDonald's · Retail Property For Sale

Retail Space Michigan Royal Oak 32811 Stephenson Hwy, Royal Oak, MI 48073

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.

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
$2,202,634 CAD
Price Per SF
$791 CAD
Cap Rate
4.82%
NOI
$106,167 CAD
Tenancy
Single
Building Height
1 Story
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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-02-101-061
  • 25-02-601-001
 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $722,189 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-02-101-061
  • 25-02-601-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$722,189 CAD
 

  • Listing ID: 32541254

  • Date on Market: 2024-07-22

  • 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.

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