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Property ID: 31215

McDonalds

City: Madison Heights

State: MI

Date Added 07/30/2023 Date Updated 05/14/2025

FINANCIAL PROFILE

  • Price $1,400,000
  • NOI $77,238
  • Cap Rate 4.50%
  • Price PSF N/A
  • Rent PSF N/A

PROPERTY OVERVIEW

  • Type of Ownership
  • Year Built 1998
  • Year Remodeled
  • Gross Leasable Area (GLA)
  • Building Size (SFT) 2784
  • Lot AC
  • Tenancy

LEASE ABSTRACT

  • Lease Type Ground Lease
  • Years Remaining 8
  • Guarantor
  • Initial Term Increases 5% every option
  • Initial Term Lease Begin 02/02/1997
  • Initial Term Lease Expiration 10/31/2031
  • Renewal Options One, 5-Year Option
  • Option Increases
  • Rent Holidays

DEMOGRAPHICS

Population

1-Mile 3-Mile 5-Mile
8962 108373 302581

Average Household Income

1-Mile 3-Mile 5-Mile
$69,387 $89,994 $100,281

VEHICLES PER DAY

25000

COMPANY

McDonald’s is the world’s leading global food service retailer with over 36,000 locations serving approximately 69 million customers in over 100 countries each day. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women. The company goal is to become customers’ favorite place and way to eat and drink by serving core favorites such as our World Famous Fries, Big Mac, Quarter Pounder and Chicken McNuggets.

LOCATION

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