16160 Fort St, Southgate, MI 48195
Fee simple opportunity with Panera LLC under an absolute NNN structure and long remaining primary term.
- Added:
- Jun 18, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 24 at 6:32 am
Property Features for 16160 Fort St
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing office JLL Chicago | Americas Headquarters
Listing date Jun 18, 2026
Source Crexi
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 JLL Chicago | Americas Headquarters
HighLights
- Panera Bread at 16160 Fort St, Southgate, Michigan, offered as a fee simple interest
- Absolute NNN lease with zero landlord responsibilities
- 15‑year primary lease term with three 5‑year renewal options
- 8% rent escalations every five years
- Located directly on Fort Street with 42,000+ vehicles per day exposure
- Site is an outparcel to Extra Space Storage and Meijer, drawing from their combined 2.1 million annual visitors
Overview
Located at 16160 Fort St in Southgate, Michigan, the restaurant benefits from strong site exposure directly along Fort Street, with over 42,000 vehicles per day. The location is positioned as an outparcel to Extra Space Storage and Meijer and sits within a retail corridor anchored by Southgate Shopping Center. Major nearby retail destinations noted include Southgate Ford, Lincoln, Lowe's, and Meijer.
For buyers seeking a single-tenant, fee simple investment with an absolute NNN lease, this Panera location presents a straightforward structure with defined lease duration and scheduled rent escalations. Panera is operated by Panera LLC under the terms described above, with the tenant backed by JAB Holding Company, which the offering materials describe as investment grade rated.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southgate
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1814742
- Latitude
- 42.1914203
