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Restaurant

McDonald’s | Dual Drive-Thru | Long Historical Occupancy | Huge Lot | Upcoming Rent Bump

32811 Stephenson Hwy, Madison Heights, MI 48071

Listing Price: $1,716,421

Cap Rate
4.50%
Tenant Name
McDonald's
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
2,784
Lease Type
NNN Ground Lease
Rent Per Square Feet
$27.74

Investment Overview

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
  • ?Surrounded by Major Development Momentum

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s) MI: 6502433613

    Michigan

Restaurant

McDonald’s | Dual Drive-Thru | Long Historical Occupancy | Huge Lot | Upcoming Rent Bump

Listing Price: $1,716,421

Cap Rate
4.50%
Tenant Name
McDonald's
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
2,784
Lease Type
NNN Ground Lease
Rent Per Square Feet
$27.74

Investment Highlights

  • ?Longstanding Historical Location
  • ?Upcoming 5% Rent Increase on 11/1/2026
  • ?High-Performing McDonald's Site
  • ?Prime Detroit MSA Retail Corridor Location
  • ?Surrounded by Major Development Momentum

Investment Overview

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.?

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s): MI: 6502433613

    Michigan

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