Investment Overview

Marcus & Millichap is pleased to present this Burger King restaurant located at 2210 Metropolitan Parkway in Sterling Heights, Michigan. The existing triple-net (NNN) lease has 11.3 years remaining on its original term including three, ?ve-year options to extend with 6% rent increases every three years during the base term and option periods. The subject Burger King is guaranteed by Michigan Multi-King, a local Burger King and Popeye's franchisee Headquartered in Troy, Michigan. This Burger King is an outparcel to the Sterling Heights Center, anchored by Lowe's and Target with a CVS Pharmacy and Starbucks located inside. The subject property has primary frontage on Metro Parkway which experiences well over 50,000 vehicles per day, stretching from Bloom?eld Hills to I-94 in Harrison Township. Within a three mile radius of the subject property the population is 94,589 residents with an average household income of $87,816. Just a few miles from the subject location is downtown Troy, Michigan, which holds ample amounts of retail and of?ce buildings. Going West Bound, Metro Parkway turns into Big Beaver Rd and provides direct access on and off Interstate-75. Located in Macomb County, The City of Sterling Heights is the second largest suburb in Metro Detroit and the fourth largest city in Michigan, with a population of around 132,000. Sterling Heights has a crime rate lower than the State of Michigan and the United States. According to the 2021 Annual FBI Crime Report, Sterling Heights was named the safest area with a population of 100,000 people and the safest overall city in Michigan for the fourth year in a row.