Single-Tenant Industrial NNN
For Sale
Contact for pricing
Pending
111 E 12 Mile Rd, Madison Heights, MI 48071
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 Market121
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
Building Details
Year Renovated
2019
Tenancy
Single
Listing Agency:
CBRE
Listed By:
David Hesano · License #MI 6501300653
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 5 at 10:33AM
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 CBRE
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
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 48071, MI
28,468
Population
14,690
Households
1.9
Avg Household Size
39
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
4,010
Density / Sq Mi
$66,726
Median Household Income
$49,151
Median Earnings
$1,138
Median Rent
$190,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
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
