Retail Supercenter Absolute NNN
For Sale
$13,500,000
33500 7 Mile, Livonia, MI 48152
Meijer is under a 20-year absolute NNN ground lease with projected rent commencement on August 19, 2026.
Property Size75,466 SF
Price / SF$178.89
Days on Market154
Property Features for 33500 7 Mile
General Information
Standard status
Active
Size
75,466 SF
Property subtype
Retail
Zoning
C-2
Building Details
Building Size
75,466 SF
Listing Agency:
Fortis Net Lease
Listed By:
Doug Passon · License #6502361821
(248) 254-3407
Source:
Cpix.resimplifi
Added: May 8
Changed: Oct 4
Last Checked: Oct 7 at 8:44AM
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.
Fortis Net Lease is pleased to present the opportunity to acquire a 20-year absolute NNN ground lease with Meijer. The ground lease is structured as “true zero landlord responsibilities,” meaning landlord obligations are limited throughout the initial 20-year term. The property is projected to commence rent on August 19, 2026.
The investment is a 75,466 SF Meijer supercenter located at 33500 Seven Mile Road in Livonia, Michigan, within a suburban Detroit retail corridor described as dense and affluent. The site is noted as having direct access to major highways, supporting a high-volume retail environment.
Within a 5-mile radius, the population is described as exceeding 199,000 residents, with average household income of more than $106,000. The surrounding area is also described as generating over $2.8 billion in annual consumer spending. The offering is presented as backed by Meijer Inc. and includes a starting NOI of $675,000.
The investment is a 75,466 SF Meijer supercenter located at 33500 Seven Mile Road in Livonia, Michigan, within a suburban Detroit retail corridor described as dense and affluent. The site is noted as having direct access to major highways, supporting a high-volume retail environment.
Within a 5-mile radius, the population is described as exceeding 199,000 residents, with average household income of more than $106,000. The surrounding area is also described as generating over $2.8 billion in annual consumer spending. The offering is presented as backed by Meijer Inc. and includes a starting NOI of $675,000.
Key Highlights
- 20‑year absolute NNN ground lease with Meijer, projected to commence rent on August 19, 2026
- 75,466 SF Meijer supercenter ground lease at 33500 Seven Mile Road in Livonia, Michigan
- Absolute NNN structure provides zero landlord responsibilities during the initial 20‑year term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$715,055
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,301,100
$14.3M
Cap Rate 7%
$10,215,071
$10.2M
Cap Rate 9%
$7,945,056
$7.9M
Market Conditions
NOI Build-Up for 75,466 SF
Gross rent
$1.09M $14.40/SF
− Vacancy
−$65.2K −$0.86/SF
EGI
$1.02M $13.54/SF
− OpEx
−$306.5K −$4.06/SF
NOI
$715.1K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,301,100
Cap Rate 7%
$10,215,071
Cap Rate 9%
$7,945,056
Alternative Uses
Best Use
Retail
$10.22M
$8.94M – $11.92M
NOI $715,055 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.97M
$12.23M – $16.30M
NOI $978,039 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Home Improvements & Furnishings 17%
Shops & Services 9%
Beauty & Spa 4%
McDonald's
Dining
23,563 visits/mo
0.0 miles
Hunt's Ace Hardware
Home Improvements & Furnishings
8,060 visits/mo
0.2 miles
BIGGBY COFFEE
Dining
5,615 visits/mo
0.2 miles
The UPS Store
Shops & Services
4,076 visits/mo
0.3 miles
Jet's Pizza
Dining
2,699 visits/mo
0.3 miles
Demographics for 48152, MI
31,098
Population
12,922
Households
2.4
Avg Household Size
47
Median Age
41%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
2,592
Density / Sq Mi
$89,019
Median Household Income
$50,614
Median Earnings
$1,293
Median Rent
$284,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Meijer is under a 20-year absolute NNN ground lease with projected rent commencement on August 19, 2026.
Where is this nnn property located?
The property is located at 33500 7 Mile Livonia, MI.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: 20‑year absolute NNN ground lease with Meijer, projected to commence rent on August 19, 2026; 75,466 SF Meijer supercenter ground lease at 33500 Seven Mile Road in Livonia, Michigan; Absolute NNN structure provides zero landlord responsibilities during the initial 20‑year term
