32811 Stephenson HwyMadison Heights, MI 48071

This exceptional investment opportunity presents a fee-simple ownership of a McDonald's ground lease located at 32811 Stephenson Hwy, Madison Heights, MI 48071. The property boasts a 2,784 square foot building constructed in 1998 and renovated in 2013, situated on a 1.05-acre lot. The absolute NNN lease, with McDonald's as the tenant, offers significant advantages, including no landlord responsibilities. The current lease term extends until October 31, 2031, representing a remaining term of 6.9 years. A notable feature is a 5% rent increase scheduled for November 1, 2026, further enhancing the investment's return. The lease also includes a five-year renewal option at fair market value. The property enjoys a prime location in a dense retail corridor, benefiting from high visibility and substantial traffic. With an average daily traffic count exceeding 25,000 vehicles and a strong demographic profile (average household income within three miles exceeding $89,994 and a population exceeding 108,373 within the same radius), this McDonald's location demonstrates exceptional performance. The property's current Net Operating Income (NOI) is $73,504, resulting in a 4.82% cap rate. The asking price is $1,525,000, translating to a price per square foot of $547.77. Nearby businesses include T-Mobile, Hobby Lobby, Oakland Mall, and several hotels, solidifying the area's robust retail environment. This is a rare opportunity to acquire a stable, high-performing investment with a blue-chip tenant.