Absolute NNN Ground
For Sale
Contact for pricing
2003 E 12 Mile Rd, Warren, MI 48092
Corporate convenience-store tenancy supports a passive ownership structure with property-level costs assigned to the tenant.
Property Size6,132 SF
Lot Size2.70 Acres
Price / SF$1,011
Days on Market10
Property Features for 2003 E 12 Mile Rd
General Information
Standard status
Active
Size
6,132 SF
Total Parking Spaces
43
Lot size
2.70 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$341,000
Site & Location
Traffic Count
58,000 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
5.5%
Fuel Pumps
7
Building Details
Year Built
2026
Buildings
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Ryan Forsyth · License #CA 01716551
Source:
Crexi
Added: Jul 27
Changed: Aug 5
Last Checked: Aug 5 at 6:23AM
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 Cushman & Wakefield - Sacramento, California
Investment Insights
Based on property information with market context.
This NNN property is structured as a 15-year corporate absolute NNN ground lease to Sheetz. The 2026-built improvement includes a standalone convenience store and seven canopied fuel pumps on a 2.7-acre parcel. The lease assigns taxes, insurance, maintenance, roof, structure, and parking-lot responsibilities to the tenant, while scheduled increases provide defined rent growth during the initial term and option periods.
The property occupies the signalized intersection of 12 Mile Rd and Dequindre Rd in Warren, Michigan, with multiple entry and exit points. The intersection generates 58,000+ combined AADT. A Target-anchored retail center is located across the street, with Burlington, Petco, Marshalls, and Kroger identified as co-anchor tenants. The lease provides a 5.50% cap rate, 5% rental increases every five years during the initial term, and 10% increases every five years during option periods.
The property occupies the signalized intersection of 12 Mile Rd and Dequindre Rd in Warren, Michigan, with multiple entry and exit points. The intersection generates 58,000+ combined AADT. A Target-anchored retail center is located across the street, with Burlington, Petco, Marshalls, and Kroger identified as co-anchor tenants. The lease provides a 5.50% cap rate, 5% rental increases every five years during the initial term, and 10% increases every five years during option periods.
Key Highlights
- 15‑year corporate absolute NNN ground lease to Sheetz
- 2.7‑acre parcel with a 2026‑built standalone convenience store
- Seven canopied fuel pumps
Property Analytics
Current Use
Lease Details
58,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
382k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 28%
Dining 17%
Apparel 16%
Shops & Services 15%
Target
Superstores
106,418 visits/mo
0.1 miles
Kroger
Groceries
44,507 visits/mo
0.4 miles
MJR Universal Grand Cinema 16
Leisure
39,304 visits/mo
0.2 miles
Burlington
Apparel
35,062 visits/mo
0.2 miles
Marshalls
Apparel
26,625 visits/mo
0.3 miles
Demographics for 48092, MI
27,186
Population
11,052
Households
2.5
Avg Household Size
42
Median Age
27%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
3,356
Density / Sq Mi
$71,761
Median Household Income
$40,174
Median Earnings
$1,186
Median Rent
$205,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Corporate convenience-store tenancy supports a passive ownership structure with property-level costs assigned to the tenant.
Where is this nnn property located?
The property is located at 2003 E 12 Mile Rd Warren, MI.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 15‑year corporate absolute NNN ground lease to Sheetz; 2.7‑acre parcel with a 2026‑built standalone convenience store; Seven canopied fuel pumps
