22069 Farmington Rd Farmington Hills, MI 48336

This investment opportunity features a 2,574 square foot single-tenant 7-Eleven located at 22069 Farmington Rd in Farmington Hills, MI 48336. The property is situated on a 0.23-acre lot. The tenant has recently signed a seven-year lease extension, which includes two five-year option periods, each with a 12% rental increase. The tenant has operated at this location for over 49 years. The property operates under an absolute "NNN" net lease, which eliminates landlord responsibilities. The 24-hour convenience store offers beer, wine, and liquor. The surrounding area has demographics of over 208,000 people residing within a five-mile radius and an average household income exceeding $85,951. Traffic counts exceed 17,700 vehicles per day. The lease is guaranteed by 7-Eleven Inc., an investment-grade company with an S&P "A" rating and a Moody's Baa2 rating. The net operating income is $57,420. Farmington Hills is among the safest and highest-income cities in Michigan and the United States. This property is located in a prime location with high traffic counts. It offers a profitable NNN lease with zero landlord responsibilities and built-in rental increases.