Meijer Grocery 33462 7 Mile Rd 75,466 SF 4-Star Retail Building Livonia, MI 48152 $18,604,890 CAD ($246.53 CAD/SF) 5% Cap Rate

Fortis Net Lease is pleased to present the opportunity to acquire a 20-year absolute NNN ground lease with Meijer, one of the largest and most established supercenter retailers in the United States. The property is strategically located at 33500 Seven Mile Road in Livonia, Michigan, within a dense and affluent suburban Detroit trade area.
This 75,466 SF Meijer supercenter is projected to commence rent on August 19, 2026, providing investors with a secure, long-term income stream from day one. The absolute NNN lease structure offers true zero landlord responsibilities, ensuring reliable, hassle-free income throughout the full 20-year initial term. With a starting NOI of $675,000, this investment combines strong returns with long-term stability.
The property is situated in a prime retail corridor with direct access to major highways and strong consumer demand drivers. Within a 5-mile radius, the population exceeds 199,000 residents, with an average household income of more than $106,000—well above the national average. The surrounding area generates over $2.8 billion in annual consumer spending, making it an ideal location for a high-volume retailer like Meijer.
This offering represents a rare opportunity to acquire a long-term, passive, credit-backed investment in one of Michigan’s strongest suburban retail markets. With its 20-year absolute NNN structure, backed by Meijer Inc., one of the largest privately held retailers in the United States, 75,466 SF format, and prime location, the Meijer ground lease at 33500 Seven Mile Road provides investors with both stability and strong long-term value.