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32342882
32342883

33500 Seven Mile Road, Livonia, MI 48152 For Sale

DP
MI MI 6502361821
Fortis Net Lease
RB
MI 6501323470
Fortis Net Lease
Listed by Fortis Net Lease
$13,500,000
72 days on market
Updated 58 days ago

Meijer Ground Lease

Details
Property Type Retail
Sub Type Grocery Store
Square Footage 75,466
Cap Rate 5.00%
NOI $675,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 01/31/2047
Remaining Term 20
Rent Bumps Yes
Lease Options Five, 5-year Extensions
Price per SqFt $179
Acreage 9.740
Investment Type Net Lease
Lease Commencement 08/19/2026
Ground Lease Yes

Retail | 5.00% CAP | 75,466 SqFt

Marketing description

Fortis Net Lease is pleased to present the opportunity to acquire a 20-year absolute NNN ground lease with Meijer, one of the largest and most established supercenter retailers in the United States. The property is strategically located at 33500 Seven Mile Road in Livonia, Michigan, within a dense and affluent suburban Detroit trade area.

This 75,466 SF Meijer supercenter is projected to commence rent on August 19, 2026, providing investors with a secure, long-term income stream from day one. The absolute NNN lease structure offers true zero landlord responsibilities, ensuring reliable, hassle-free income throughout the full 20-year initial term. With a starting NOI of $675,000, this investment combines strong returns with long-term stability.

The property is situated in a prime retail corridor with direct access to major highways and strong consumer demand drivers. Within a 5-mile radius, the population exceeds 199,000 residents, with an average household income of more than $106,000—well above the national average. The surrounding area generates over $2.8 billion in annual consumer spending, making it an ideal location for a high-volume retailer like Meijer.

This offering represents a rare opportunity to acquire a long-term, passive, credit-backed investment in one of Michigan's strongest suburban retail markets. With its 20-year absolute NNN structure, backed by Meijer Inc., one of the largest privately held retailers in the United States, 75,466 SF format, and prime location, the Meijer ground lease at 33500 Seven Mile Road provides investors with both stability and strong long-term value.

Investment highlights

  • 20+ Year Absolute NNN Ground Lease
  • Projected Rent Commencement August 19, 2026
  • Strong Income Stream
  • 75,466 SF Supercenter
  • Prime Suburban Detroit Location
  • Affluent Demographics
  • Dense Population Base
  • High Consumer Spending
  • Long-Term, Passive Investment

Listing Contacts

DP
MI MI 6502361821
Fortis Net Lease
RB
MI 6501323470
Fortis Net Lease
Listed by Fortis Net Lease

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$675,000.00
$56,250.00/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Doug Passon
License
MI 6502361821
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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