32811 Stephenson Hwy - Fast Food FOR SALE


Royal Oak, MI 48073
$1,716,421 USD
408-510-9057
32811 Stephenson Hwy, Royal Oak, MI for Sale
$1,716,421 USD
Fast Food - FOR SALE
1/3
null | 4.5% Cap Rate

32811 Stephenson Hwy
Royal Oak, MI 48073


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

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.

FOR SALE DETAILS

PRICE

$1,716,421 USD

PRICE/SF

$617 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McDonald’s | Dual Drive-Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C-1

APN/PARCEL ID

25-02-101-061

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.