List Search

424 Twelve Mile rd
Madison Heights, MI 48071

$2,838,000 USD

General Retail For Sale  •  2,387 SF

Property Details

  • Property Type General Retail
  • Total Building Size 2,387 SF
  • Lot Size 0.82 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 5.25 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
52 Walk Score

Highlights

Zero landlord responsibilities – Chipotle self-maintains CAM, taxes, and insurance and is fully responsible for all capital repairs and replacements.
LOWE’S AND HOME DEPOT ANCHORED TRADE AREA – Surrounded by major national retailers including Lowe’s, Home Depot, BJ’s, Starbucks, McDonald’s.
BRAND NEW 2024 CONSTRUCTION WITH HIGH-CAPACITY DRIVE-THRU – The Property is a new 2024 construction with Chipotle’s latest building prototype.
EXCELLENT VISIBILITY AND ACCESSIBILITY – Situated along Twelve Mile Road, the trade areas primary commercial thoroughfare with excellent visibility.
STRONG MARKET DEMOGRAPHICS – Located around 10 miles from downtown Detroit, Madison Heights is extremely dense.
10% RENT INCREASES EVERY 5 YEARS – Lease features attractive 10% rental increases every 5 years in base term and in each option period

Property Flyers

Cap Rate: 5.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Chipotle 2,387 SF 8/31/2039

Amenities

  • Restaurant
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Royal Oak Amtrak (Wolverine - Amtrak) 8 min - 3.2 mi
Troy Amtrak Station (Wolverine - Amtrak) 14 min - 6.8 mi
AirportDriveWalkDistance
Windsor International 40 min - 23.0 mi
Detroit Metro Wayne County 45 min - 32.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Patrick Forkin 773-279-5390 Matthews Real Estate Investment Services
Patrick Forkin 773-279-5390 Matthews Real Estate Investment Services