16200 Fort St, Southgate, MI 48195

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

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Overview

The property is a Chipotle Mexican Grill restaurant offered in fee simple. The asset is leased to Chipotle Mexican Grill under an absolute NNN structure with zero landlord responsibilities. The lease features a 15-year primary term, with four, five-year renewal options. Rent is structured with 10% escalations every five years.

Located at 16200 Fort St in Southgate, Michigan, the site sits along Fort Street and is described as having over 42,000 vehicles per day for visibility and traffic exposure. The property is positioned 11 miles south of Detroit and 7 miles east of Detroit Metropolitan Wayne County Airport. The location is also characterized as an outparcel to Extra Space Storage and Meijer, capturing access to their combined 2.1 million annual visitors (Placer.ai), within a concentrated retail corridor anchored by Southgate Shopping Center.

For buyers seeking a long-duration, tenant-operated restaurant investment, this opportunity offers an absolute NNN lease with a single corporate operator. As disclosed in the offering materials, Chipotle is publicly traded and operates more than 4,000 restaurants, with the tenant’s reported financial profile presented as supportive of creditworthiness.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Southgate

County

Wayne

State

Michigan

Longitude

-83.181925

Latitude

42.1904262

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FAQs

What type of property is this?

Conventional restaurant - Fee simple absolute NNN Chipotle with zero landlord responsibilities and long lease term for restaurant ownership.

Where is this conventional restaurant located?

The property is located at 16200 Fort St Southgate, MI.

What is the asking price?

The asking price for this property is $3,520,000.

What are key features of this property?

This property features: Fee simple absolute Chipotle Mexican Grill at 16200 Fort St, Southgate, MI; Tenant operates an absolute NNN lease with zero landlord responsibilities; 15‑year primary lease term with four, five‑year renewal options