McDonald's Ground Lease

Madison Heights is a vibrant suburban city located in Oakland County, Michigan. Situated just north of Detroit, this thriving community is known for its diverse population, excellent amenities, and convenient access to major highways. The city's bustling commercial corridors feature an array of shopping centers, restaurants, and entertainment options, providing residents with a wide range of choices for leisure and recreation. Madison Heights boasts a strong sense of community, with numerous parks, sports facilities, and cultural events that bring neighbors together. The city's commitment to education is evident in its top-notch schools and libraries, ensuring a nurturing environment for families and young professionals alike. From its family-friendly neighborhoods to its dynamic business district, Madison Heights offers a blend of urban convenience and suburban charm, making it a highly desirable place to live in the Greater Detroit area.Fortis Net Lease is proud to present a free standing McDonald’s absolute NNN ground lease located at 32811 Stephenson Highway in Madison Heights, Michigan. There are eight years remaining on the current lease with one, 5-year lease renewal option that has a 5.00% rental rate increase. The subject property is located on the east side of busy Stephenson Highway, just south of Fourteen Mile Road. The average household income within three miles of the property exceeds $108,373 and the three mile population is 108,373. Surrounding retail tenants include T-Mobile, Hobby Lobby, Oakland Mall, Hampton Inn, Rodeway Inn, and Bishop Foley High School.