Meijer Inc.

Livonia is a mid-sized city in Wayne County, just about 20 miles northwest of downtown Detroit. Spanning roughly 36 square miles, the city has a population hovering around 95,500 as of the 2020 Census, making it the third-largest city in the county and eighth in the state of Michigan. Founded as a township in 1835 and later incorporated in 1950, Livonia developed from rural farmland into a thriving suburban community, thanks in part to its convenient access to major highways like I-96 and I-275. Today, Livonia is known for its family-friendly atmosphere, safety, and quality public services. Its motto "Families First" reflects its emphasis on close-knit neighborhoods, excellent schools—including Livonia Public Schools and institutions like Madonna University and Schoolcraft College—and abundant parks and recreational amenities. Financially, the city boasts one of Michigan’s highest State Equalized Values at approximately $5.2 billion, and residents enjoy among the lowest municipal tax rates in Wayne County. Additionally, the median household income is around $96,300, with high rates of homeownership (about 87%) and low poverty levels (under 5%).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, hasslefree 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, creditbacked investment in one of Michigan’s strongest suburban retail markets. With its 20year 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 longterm value