32811 Stephenson Hwy
Royal Oak, MI 48073
McDonald’s | Dual Drive-Thru · Retail Property For Sale

Marcus & Millichap is pleased to present a corporate-guaranteed McDonald’s at 32811 Stephenson Highway in Madison Heights, MI, a prime retail corridor within the Detroit MSA. The property delivers stable, passive income backed by McDonald’s Corporation and benefits from +5 years of remaining primary term with a scheduled 5% rent increase on 11/1/2026. The site is a long-operating, legacy McDonald’s featuring a double drive-thru, strong traffic exposure, and direct access from both major cross streets.
Strategically positioned along Stephenson Highway, a major north–south commercial artery with connectivity to Interstate 75, the property sits within a dense, established suburban trade area supported by strong population density, high household incomes, and a large daytime employment base. The corridor is anchored by national retailers, hotels, automotive uses, and service-oriented businesses that generate consistent consumer activity and reinforce long-term tenant performance.
Originally developed in 1998 and renovated in 2012, the site demonstrates durable operational history and long-term brand commitment. With a replaceable rent structure, corporate credit, and proximity to major regional retail nodes—including Oakland Mall and multiple national big-box centers—the asset offers investors a high-quality net-lease opportunity in one of Metro Detroit’s most active commercial corridors.