33462 7 Mile Rd - Supermarket FOR SALE


Livonia, MI 48152
$13,500,000 USD
586-945-9960
33462 7 Mile Rd, Livonia, MI for Sale
$13,500,000 USD
Supermarket - FOR SALE
1/5
null | 5% Cap Rate

33462 7 Mile Rd
Livonia, MI 48152


HIGHLIGHTS

  • 20+ Year Absolute NNN Ground Lease
  • Projected Rent Commencement August 19, 2026.
  • Strong Income Stream.
  • 75,466 SF Supercenter in Prime Suburban Detroit Location with Affluent Demographics.
  • Dense Population Base with High Consumer Spending.
  • Long-Term, Passive Investment.

OVERVIEW

Fortis Net Lease is pleased to present the opportunity to acquire a 20-year absolute NNN ground lease with Meijer, one of the largest and most established supercenter retailers in the United States. The property is strategically located at 33500 Seven Mile Road in Livonia, Michigan, within a dense and affluent suburban Detroit trade area. This 75,466 SF Meijer supercenter is projected to commence rent on August 19, 2026, providing investors with a secure, long-term income stream from day one. The absolute NNN lease structure offers true zero landlord responsibilities, ensuring reliable, hassle-free income throughout the full 20-year initial term. With a starting NOI of $675,000, this investment combines strong returns with long-term stability. The property is situated in a prime retail corridor with direct access to major highways and strong consumer demand drivers. Within a 5-mile radius, the population exceeds 199,000 residents, with an average household income of more than $106,000—well above the national average. The surrounding area generates over $2.8 billion in annual consumer spending, making it an ideal location for a high-volume retailer like Meijer. This offering represents a rare opportunity to acquire a long-term, passive, credit-backed investment in one of Michigan’s strongest suburban retail markets. With its 20-year absolute NNN structure, backed by Meijer Inc., one of the largest privately held retailers in the United States, 75,466 SF format, and prime location, the Meijer ground lease at 33500 Seven Mile Road provides investors with both stability and strong long-term value.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Meijer Grocery

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.74 AC

LAND SF

424,274 SF

ZONING

C-1

APN/PARCEL ID

46-016-99-0016-003

ASK ABOUT THIS PROPERTY

Doug PassonFortis Net LeaseMore Info
586-945-9960

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Doug PassonFortis Net LeaseMore Info
586-945-9960

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