Retail Supercenter Absolute NNN
For Sale
$12,500,000
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$165.64
Days on Market169
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 21
Last Checked: Oct 20 at 5:19PM
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
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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
5.72%
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 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.97M
$12.23M – $16.30M
NOI $978,039 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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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
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 $12,500,000.
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
