Franklin Retail Investment
For Lease
$561,850
32406 Franklin Rd, Franklin, MI 48025
Prime retail property occupied by the US Post Office.
Space SizeContact for details
Days on Market263
Property Features for 32406 Franklin Rd
General Information
Standard status
Active
Property subtype
Office
Net Operating Income
$33,711
Building Details
Year Built
1978
Listing Agency:
Fortis Net Lease
(248) 254-3406
Listed By:
Robert Bender · License #6501323470
Source:
Fortisnetlease
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:51AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 1,827 SF building, constructed in 1978, is located on Franklin Road in Franklin, MI. The property has been occupied by the US Post Office since construction. The tenant manages and pays for common area maintenance, including lawn and snow removal. The landlord is responsible for capital replacements and repairs to the premises, as well as property insurance and real estate taxes, which are then 100% reimbursed by the tenant. The property is zoned C-1 and has 621 units. The tenant has no identifiable sites to which they can ever relocate due to the historical designation of Franklin Road. There are 10% rent bumps in remaining five year options to renew the term. Investing in commercial property on Franklin Road in the Village of Franklin, MI, presents a unique opportunity due to the area's blend of historic charm and strategic location. Franklin is known for its well-preserved 19th-century architecture and a strong sense of community, attracting both residents and visitors seeking a quaint village atmosphere. Franklin Road serves as a central thoroughfare, providing excellent visibility and accessibility for businesses. The limited availability of commercial spaces in this predominantly residential area can lead to higher demand and potential appreciation in property value. The property has 100% occupancy.
Key Highlights
- Tenant (US Post Office) has no viable relocation options due to the historical designation of Franklin Road, ensuring long‑term occupancy.
- Tenant reimburses 100% of property insurance and real estate taxes, minimizing landlord expenses.
- 10% rent increases in remaining five‑year renewal options provide a hedge against inflation and increase investment returns.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 48025, MI
14,878
Population
5,866
Households
2.5
Avg Household Size
45
Median Age
75%
College-Educated
98%
High-School Grad
8.0 sq mi
ZIP Area
1,860
Density / Sq Mi
$177,126
Median Household Income
$97,095
Median Earnings
$2,397
Median Rent
$514,500
Median Home Value
Market
Lease Benchmarks for Franklin, MI
$15.09 /SF/Yr
Avg Asking Price
$3–$32.73 /SF/Yr
Price Range
11,613 SF
Avg Space Size
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Prime retail property occupied by the US Post Office.
Where is this storefront property located?
The property is located at 32406 Franklin Rd Franklin, MI.
What is the lease rate?
The lease rate is $561,850.
What are key features of this property?
This property features: Tenant (US Post Office) has no viable relocation options due to the historical designation of Franklin Road, ensuring long‑term occupancy.; Tenant reimburses 100% of property insurance and real estate taxes, minimizing landlord expenses.; 10% rent increases in remaining five‑year renewal options provide a hedge against inflation and increase investment returns.
