22069 Farmington Rd Farmington Hills, MI 48336
Sponsored
Property Features for 22069 Farmington Rd
General Information
- Property type
- Other retail properties
- Square Feet
- 2,574 SF
- Price / Square Foot
- $446
- Class
- B
- Elevators
- N/A
- Lot Size
- 10,019 SF
- Net Operating Income
- $57,420
Building Details
- Stories
- 1
Overview
Profitable 7-Eleven Investment Opportunity
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.
HighLights
- Prime Farmington Hills location with high traffic counts exceeding 17,700 vehicles per day.
- 7‑Eleven, an investment‑grade tenant (S&P "A" rated), holds a 7‑year lease extension.
- Profitable NNN lease with zero landlord responsibilities and built‑in rental increases.
Location Intelligence
Current Use by Public Records
Retail properties
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- State
- Michigan
- Longitude
- -83.876253
- Latitude
- 36.459969
Nearby Similar for Sale
FAQs
What type of property is this?
Other retail property - High-performing 7-Eleven, strong lease.
Where is this other retail property located?
The property is located at 22069 Farmington Rd Farmington Hills, MI.
What is the asking price?
The asking price for this property is $1,148,400.
What are key features of this property?
This property features: Prime Farmington Hills location with high traffic counts exceeding 17,700 vehicles per day.; 7-Eleven, an investment-grade tenant (S&P "A" rated), holds a 7-year lease extension.; Profitable NNN lease with zero landlord responsibilities and built-in rental increases.