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26211 W 12 Mile Rd
Southfield, MI 48034
Retail Property For Sale
Investment Highlights
- High-visibility location along W 12 Mile Rd in Southfield
- Positioned in a dense retail corridor with strong traffic counts and
- Corporate-backed Burger King tenant with strong brand recognition
Executive Summary
Fortis Net Lease is pleased to present the opportunity to acquire a freestanding Burger
King located at 26211 W 12 Mile Rd in Southfield. The subject property features a 3,501
square foot building situated on a 1.35-acre parcel and is secured by a long-term NNN
lease. This structure provides investors with a passive investment opportunity, as the
tenant is responsible for taxes, insurance, and maintenance. With an annual net
operating income of $125,456, the asset offers stable and predictable cash flow backed
by a globally recognized quick-service restaurant brand.
King located at 26211 W 12 Mile Rd in Southfield. The subject property features a 3,501
square foot building situated on a 1.35-acre parcel and is secured by a long-term NNN
lease. This structure provides investors with a passive investment opportunity, as the
tenant is responsible for taxes, insurance, and maintenance. With an annual net
operating income of $125,456, the asset offers stable and predictable cash flow backed
by a globally recognized quick-service restaurant brand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,501 SF
Building Class
C
Year Built
2012
Price
$2,754,974 CAD
Price Per SF
$786.91 CAD
Cap Rate
6.25%
NOI
$172,186 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.34 AC
Opportunity Zone
Yes
Zoning
B-3
Parking
37 Spaces (9.68 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 24-18-226-030 | Improvements Assessment | $845,324 CAD |
| Land Assessment | $380,534 CAD | Total Assessment | $1,225,858 CAD |
Property Taxes
Parcel Number
24-18-226-030
Land Assessment
$380,534 CAD
Improvements Assessment
$845,324 CAD
Total Assessment
$1,225,858 CAD
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