Single-Tenant Industrial NNN
111 E 12 Mile Rd Madison Heights, MI 48071
For Sale
Contact for pricing
Pending
Fee-simple sale of a renovated industrial building leased on a triple-net basis to a single tenant.
Property Size50,000 SF
Lot Size5.45 Acres
Days on Market108
Property Features for 111 E 12 Mile Rd
General Information
- Standard status
- Pending
- Size
- 50,000 SF
- Lot size
- 5.45 Acres
- Property subtype
- Retail, Industrial
Listing Agency:
CBRE
Listed By:
David Hesano · License #MI 6501300653
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 25 at 3:31PM
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Investment Insights
Based on property information with market context.
The offering is for the fee simple interest in a high-profile, single-tenant industrial building leased under a triple-net (NNN) structure. The 50,000-square-foot building was completely renovated and finished in 2019 to accommodate high-tech manufacturing. The tenant has a ten-year NNN lease with limited landlord responsibilities, including tenant reimbursement for taxes, maintaining insurance, and repair of the structural elements. The lease includes annual rent escalations of $0.10 per square foot, and it offers an early termination option with a financial penalty at the end of the fifth year.
The property is located on a hard-corner at the northeast corner of John R Rd and E. Twelve Mile Rd in Madison Heights, MI, approximately 14 miles north of Detroit. The intersection is home to the first BJ’s Wholesale Club in Michigan, and the surrounding retail area includes Lowe’s and Home Depot stores immediately adjacent to each other.
The site totals 5.45 acres and is positioned for future redevelopment as described in the offering materials. The asset is proposed to be a cash transaction and is offered free and clear of existing debt.
The property is located on a hard-corner at the northeast corner of John R Rd and E. Twelve Mile Rd in Madison Heights, MI, approximately 14 miles north of Detroit. The intersection is home to the first BJ’s Wholesale Club in Michigan, and the surrounding retail area includes Lowe’s and Home Depot stores immediately adjacent to each other.
The site totals 5.45 acres and is positioned for future redevelopment as described in the offering materials. The asset is proposed to be a cash transaction and is offered free and clear of existing debt.
Key Highlights
- 50,000 SF single‑tenant industrial building renovated and finished in 2019 for high‑tech manufacturing
- 10‑year triple‑net (NNN) lease with Spartan Motors (Detroit Truck Manufacturing, LLC)
- Limited landlord responsibilities on the NNN lease, reimbursed by tenant including taxes, maintaining insurance, and structural repairs
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
FAQs
What type of property is this?
Manufacturing property - Fee-simple sale of a renovated industrial building leased on a triple-net basis to a single tenant.
Where is this manufacturing property located?
The property is located at 111 E 12 Mile Rd Madison Heights, MI.
What are key features of this property?
This property features: 50,000 SF single‑tenant industrial building renovated and finished in 2019 for high‑tech manufacturing; 10‑year triple‑net (NNN) lease with Spartan Motors (Detroit Truck Manufacturing, LLC); Limited landlord responsibilities on the NNN lease, reimbursed by tenant including taxes, maintaining insurance, and structural repairs
