Former McDonald’s Outlot

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Former McDonald’s Outlot

Type: Lease

7251 14 Mile Rd Sterling Heights MI Macomb County

Property Type: Vacant Land

Date Available: Immediately

Rent: Ground Lease: $35,000/Year

Contact Person(s): Matthew Swantko

(248) 488-2620

Description:

This excellent restaurant site benefits from a high volume Walmart Supercenter as well as several traffic generators including Value City, Payless Shoes, GameStop, Joe’s Crab Shack and TGI Friday’s. It will also benefit from the Grace Christian Church (111,000 SF) as well as the BAE Systems which is a 164,000 SF facility that employs 600 engineers, both directly adjacent to the center. Sterling Heights is the second largest suburb in Metro Detroit and the fourth largest city in Michigan. Sterling Heights is located just north of Detroit and is home to more than 3,500 commercial businesses, manufacturing facilities and high-tech firms. Sterling Heights was named as a “top growth city” due to low poverty, steady growth, rising per capita income and job growth led by firms such as Chrysler, Ford Motor, William Beaumont Hospital as well as General Dynamics and the Detroit Newspaper agency. The site is located in one of the highest profile and highest trafficked corridors in the Detroit metropolitan region. Van Dyke Ave (M-53) is major north/south arterial for the region.

Property Taxes: $15,710.49 (2017)

Lot Size: 2.50 Acres

Zoning: PCD

Traffic Count: 14 Mile Rd west of Van Dyke Ave= 25,100 cpd
Van Dyke Ave north of 14 Mile Rd= 60,500 cpd

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 7,003 105,784 292,810
Avg. HH Income: $80,999 $77,626 $72,945

LANDMARK COMMERCIAL REAL ESTATE SERVICES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.