Single-Tenant PNC Bank with McDonald’s Ground
For Sale
Contact for pricing
Pending
28720 Northwestern Hwy, Southfield, MI 48034
Single-tenant PNC Bank on a hard corner with McDonald’s ground lease for drive-through and parking.
Property SizeContact for details
Days on Market142
Property Features for 28720 Northwestern Hwy
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
55,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Seth Haron · License #MI 6501373006
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 25 at 6:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a single-tenant PNC Bank property with McDonald’s operating under a ground lease arrangement. The transaction includes two co-located uses: PNC’s bank branch and McDonald’s drive-through, with McDonald’s owning the building and parcel and ground leasing 0.27 acres for the drive-through and additional parking. Public remarks indicate both parties are operating under rare 30-year corporate leases, with approximately 15 years of term remaining and rental increases within the initial lease term.
The bank is located on a hard corner in Southfield, on the border of Farmington Hills, with access from both Northwestern Highway and Franklin Road. Traffic counts are reported to exceed 55,000 vehicles per day, with additional interchange access nearby (Interstate-696, M-10/Lodge Freeway, and US-24/Telegraph Road) bringing an additional 294,000 vehicles to the immediate area.
The asset is described as a strong PNC branch, with deposits at the location exceeding $106 million. Both tenants are noted as having top-tier credit ratings from Standard and Poor’s, with PNC identified as A- and McDonald’s as BBB+.
The bank is located on a hard corner in Southfield, on the border of Farmington Hills, with access from both Northwestern Highway and Franklin Road. Traffic counts are reported to exceed 55,000 vehicles per day, with additional interchange access nearby (Interstate-696, M-10/Lodge Freeway, and US-24/Telegraph Road) bringing an additional 294,000 vehicles to the immediate area.
The asset is described as a strong PNC branch, with deposits at the location exceeding $106 million. Both tenants are noted as having top-tier credit ratings from Standard and Poor’s, with PNC identified as A- and McDonald’s as BBB+.
Key Highlights
- Single‑tenant PNC Bank with McDonald’s ground lease; 30‑year corporate leases with ~15 years remaining for each tenant.
- McDonald’s leases 0.27 acres for drive‑through and additional parking; McDonald’s owns the building and parcel.
- PNC deposits at the location exceed $106 million; strong PNC branch with S&P “A-” credit rating.
Property Analytics
Property Profile
Current Use
Lease Details
55,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,671
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 37%
Hotels & Casinos 3%
Electronics 1%
McDonald's
Dining
27,713 visits/mo
0.1 miles
Starbucks
Dining
12,753 visits/mo
0.2 miles
Sunoco
Shops & Services
11,311 visits/mo
0.3 miles
Burger King
Dining
11,091 visits/mo
0.1 miles
Dollar Tree
Shops & Services
10,633 visits/mo
0.3 miles
Demographics for 48034, MI
14,480
Population
8,634
Households
1.7
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
4.3 sq mi
ZIP Area
3,367
Density / Sq Mi
$59,634
Median Household Income
$40,068
Median Earnings
$1,275
Median Rent
$259,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Bank - Single-tenant PNC Bank on a hard corner with McDonald’s ground lease for drive-through and parking.
Where is this bank located?
The property is located at 28720 Northwestern Hwy Southfield, MI.
What are key features of this property?
This property features: Single‑tenant PNC Bank with McDonald’s ground lease; 30‑year corporate leases with ~15 years remaining for each tenant.; McDonald’s leases 0.27 acres for drive‑through and additional parking; McDonald’s owns the building and parcel.; PNC deposits at the location exceed $106 million; strong PNC branch with S&P “A-” credit rating.
