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32920128
32920129

32811 Stephenson Highway, Madison Heights, MI 48071 For Sale

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$1,716,421
55 days on market
Updated 48 days ago

McDonald’s | Dual Drive-Thru | Long Historical Occupancy

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,784
Cap Rate 4.73%
NOI $81,101
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Taco Bell (+12)
Lease Type NNN
Lease Term 35
Lease Expiration 10/30/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options 1 x 5 Years
Year Built 1998
Year Renovated 2012
Acreage 1.160
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/31/1996
Ground Lease No

Huge Lot | Upcoming Rent Bump in 6 Months

Marketing description

Marcus & Millichap is pleased to present a corporate‑guaranteed McDonald’s at 32811 Stephenson Highway in Madison Heights, MI, a prime retail corridor within the Detroit MSA. The property delivers stable, passive income backed by McDonald’s Corporation and benefits from +5 years of remaining primary term with a scheduled 5% rent increase on 11/1/2026. The site is a long‑operating, legacy McDonald’s featuring a double drive‑thru, strong traffic exposure, and direct access from both major cross streets.

Strategically positioned along Stephenson Highway, a major north–south commercial artery with connectivity to Interstate 75, the property sits within a dense, established suburban trade area supported by strong population density, high household incomes, and a large daytime employment base. The corridor is anchored by national retailers, hotels, automotive uses, and service‑oriented businesses that generate consistent consumer activity and reinforce long‑term tenant performance.

Originally developed in 1998 and renovated in 2012, the site demonstrates durable operational history and long‑term brand commitment. With a replaceable rent structure, corporate credit, and proximity to major regional retail nodes—including Oakland Mall and multiple national big‑box centers—the asset offers investors a high‑quality net‑lease opportunity in one of Metro Detroit’s most active commercial corridors.

Investment highlights

  • Longstanding Historical Location
  • Upcoming 5% Rent Increase on 11/1/2026
  • High‑Performing McDonald’s Site
  • Prime Detroit MSA Retail Corridor Location
  • Corporate‑Guaranteed Ground Lease
  • Surrounded by Major Development Momentum

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,101.00
$6,758.42/mo

Valuation Metrics

0
DSCR
4.73%
Cap Rate
4.73%
ROI

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Additional Information

Name
Paul Kerber
License
6502433613
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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