2210 Metro PkwySterling Heights, MI 48310

Property Details for 2210 Metro Pkwy

Year built

2007

Lot size

0.78 AC

Property size (Sq ft)

2,793 SF

Property type

Retail properties

Description

Exceptional investment opportunity: a 2,793 sq ft Burger King in Sterling Heights, MI, presents a compelling net lease offering. The property boasts a strong 6.50% cap rate and a substantial remaining lease term of 11.1 years, extending to December 31, 2035, with three five-year options. The absolute NNN lease ensures minimal landlord responsibilities, while built-in rent bumps of 6% every three years provide consistent income growth. Situated on a 0.78-acre lot at 2210 Metro Parkway, this location benefits from high visibility and traffic exceeding 50,000 vehicles daily. The property is an outparcel to the Sterling Heights Center, a major retail center anchored by Lowe's and Target, further enhancing its desirability. The franchisee, Michigan Multi-King, a reputable multi-unit operator, guarantees the lease. Built in 2007, this property is located in a thriving area with a population of 94,589 within a three-mile radius and an average household income of $87,816. Sterling Heights itself is the second-largest suburb in Metro Detroit, known for its low crime rate and strong economic performance. The property's NOI is $124,020, and the asking price is $1,908,000. This is a rare opportunity to acquire a stable, high-performing asset in a prime location.

Location Insight

City

Sterling Heights

County

Macomb

State

Michigan

Latitude

42.5634

Longitude

-83.086

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].