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Michael Carter

SRS National Net Lease Group
Detroit Team
Vice President
  • 22Active Listing
  • 0Under Contract
  • 1Sold Transactions

Michael Carter joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Michael joined SRS with seven years of retail investment sales experience. Prior to joining SRS, he served as senior director with his previous firm. Michael’s deep understanding of the net lease industry and constantly growing market knowledge has earned him several opportunities to work with national and regional developers, publicly traded REITs, and private investors. His success is in large part thanks to his ability to cultivate strong client relationships and his entrepreneurial drive. His ambition has served him well, not only in his real estate career, but in his previous career as a regional sales manager at Fiat Chrysler Automobiles, one of the world’s largest automotive manufacturers. Michael is a graduate of Western Michigan University where he studied sales and business marketing.

D (248) 688-0630
M (586) 549-4260
Visit Website
[email protected]
@Linkedin
Licensed in: MI
101 W Big Beaver, Ste 415 Troy, MI 48084
Broker Bio Link

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Family Dollar | Dollar Tree
825 East Broadway, Mayfield, KY , 42066
  • Size SF10,500
  • Built/Renov2024
  • Price/SF$170
  • Lease Start02-01-2024
  • Rent/SF$12.52
  • Lease Type Double NN
  • Lot/AC1.20
  • Pop 5MI17,581
show more

michael carter

5865494260

frank rogers

(848) 348-3324

1,788,571

  • Cap Rate 7.35%
  • NOI $131,460
  • R. Term/Yrs 9.10
  • Guarantor Corp R + T
  • # Units 1,200
View CONTACT

  • New construction

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Strong tenant synergy

  • Brand new lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Family Dollar | Dollar Tree
  • Guarantor Corp T and Rated
  • #Units 1,200
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR
Fresenius Medical Care
17500 West Capitol Drive, Brookfield, WI , 53045
  • Size SF13,888
  • Built/Renov2018
  • Price/SF$358
  • Lease Start06-01-2018
  • Rent/SF$21.49
  • Lease Type Double NN
  • Lot/AC1.27
  • Pop 5MI111,943
show more

michael carter

5865494260

frank rogers

(848) 348-3324

4,975,000

  • Cap Rate 6.00%
  • NOI $298,475
  • R. Term/Yrs 9.0
  • Guarantor Corp R + T
  • # Units 4,171
View CONTACT

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Annual rent increases

  • Traded and rated company

  • Over 2000 units backed

  • Corporate Guarantee

    • ...
  • Tenant Fresenius Medical Care
  • Guarantor Corp T and Rated
  • #Units 4,171
  • Moody's/S&P Baa3/ BBB-
  • Stock NYSE: FMS
Dutch Bros Coffee
2381 Elm Hill Pike, Nashville, TN , 37214
  • Size SF950
  • Built/Renov2024
  • Price/SF$2,637
  • Lease Start02-03-2024
  • Rent/SF$125.26
  • Lease Type Abs NNN
  • Lot/AC1.97
  • Pop 5MI146,326
show more

michael carter

5865494260

matthew mousavi

7144048849

patrick luther

4802214221

frank rogers

(848) 348-3324

2,505,000

  • Cap Rate 4.75%
  • NOI $119,000
  • R. Term/Yrs 14.9
  • Guarantor Corp Traded
  • # Units 831
View CONTACT

  • New construction

  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Long 10+ yr lease

  • Corporate Guarantee

    • ...
  • Tenant Dutch Bros Coffee
  • Guarantor Corp Traded
  • #Units 831
  • Stock NYSE: BROS
7 Brew Coffee (GL)
1626 Veterans Parkway, Jeffersonville, IN , 47130
  • Size SF510
  • Built/Renov2023
  • Price/SF$3,410
  • Lease Start01-01-2023
  • Rent/SF$196.08
  • Lease Type NN+
  • Lot/AC0.51
  • Pop 5MI130,832
show more

michael carter

5865494260

frank rogers

(848) 348-3324

1,739,000

  • Cap Rate 5.75%
  • NOI $100,000
  • R. Term/Yrs 9.7
  • Guarantor Franchisee
  • # Units 1
View CONTACT

  • New construction

  • Signalized intersection

  • Dense retail corridor

  • Shopping Ctr out-parcel

  • Strategically located

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Personal guarantee

    • ...
  • Tenant 7 Brew Coffee
  • Guarantor Franchisee
  • #Units 1
  • Stock Private
Chipotle Mexican Grill
1620 Veterans Parkway, Jeffersonville, IN , 47130
  • Size SF2,325
  • Built/Renov2023
  • Price/SF$1,200
  • Lease Start07-01-2024
  • Rent/SF$60.00
  • Lease Type NN+
  • Lot/AC0.78
  • Pop 5MI130,832
show more

michael carter

5865494260

frank rogers

(848) 348-3324

2,790,000

  • Cap Rate 5.00%
  • NOI $139,500
  • R. Term/Yrs 15.1
  • Guarantor Corp Traded
  • # Units 3,437
View CONTACT

  • New construction

  • Signalized intersection

  • Shopping Ctr out-parcel

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Corporate Guarantee

  • Publicly traded company

    • ...
  • Tenant Chipotle Mexican Grill
  • Guarantor Corp Traded
  • #Units 3,437
  • Stock NYSE: CMG
Chili's (GL)
1245 East State Highway 152, Mustang, OK , 73064
  • Size SF5,117
  • Built/Renov2024
  • Price/SF$409
  • Lease Start07-01-2024
  • Rent/SF$22.47
  • Lease Type Double NN
  • Lot/AC1.59
  • Pop 5MI67,012
show more

michael carter

5865494260

frank rogers

(848) 348-3324

2,091,000

  • Cap Rate 5.50%
  • NOI $115,000
  • R. Term/Yrs 10.1
  • Guarantor Corp R + T
  • # Units 1,605
View CONTACT

  • New construction

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Brand new lease

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

    • ...
  • Tenant Chili's
  • Guarantor Corp T and Rated
  • #Units 1,605
  • Moody's/S&P Ba3/ BB-
  • Stock NYSE: EAT
Walgreens
1900 Hamilton Boulevard, Sioux City, IA , 51104
  • Size SF14,838
  • Built/Renov2013
  • Price/SF$458
  • Lease Start03-01-2014
  • Rent/SF$29.76
  • Lease Type Abs NNN
  • Lot/AC2.34
  • Pop 5MI101,473
show more

michael carter

5865494260

frank rogers

(848) 348-3324

6,794,000

  • Cap Rate 6.50%
  • NOI $441,603
  • R. Term/Yrs 9.9
  • Guarantor Corp R + T
  • # Units 13,532
View CONTACT

  • Signalized intersection

  • Dense retail corridor

  • Strong tenant synergy

  • Highway close

  • Dense 100M+ pop 5 mi

  • Store sales reported

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 13,532
  • Moody's/S&P Baa2/ BBB-
  • Stock NASDAQ: WBA
Dollar General
2570 New Middletown-Elizabeth Road, New Middletown, IN , 47160
  • Size SF10,640
  • Built/Renov2023
  • Price/SF$148
  • Lease Start10-01-2023
  • Rent/SF$10.01
  • Lease Type Abs NNN
  • Lot/AC1.25
  • Pop 5MI8,081
show more

michael carter

5865494260

frank rogers

(848) 348-3324

1,578,000

  • Cap Rate 6.75%
  • NOI $106,522
  • R. Term/Yrs 14.4
  • Guarantor Corp R + T
  • # Units 19,986
View CONTACT

  • New construction

  • Strategically located

  • Strong tenant synergy

  • Affluent suburb location

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Limited competition

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
Tractor Supply Company
2092 Mississippi 15, Pontotoc, MS , 38863
  • Size SF19,097
  • Built/Renov2023
  • Price/SF$283
  • Lease Start07-01-2023
  • Rent/SF$16.55
  • Lease Type Double NN
  • Lot/AC3.96
  • Pop 5MI12,019
show more

frank rogers

8483483324

michael carter

(586) 549-4260

5,404,000

  • Cap Rate 5.85%
  • NOI $316,135
  • R. Term/Yrs 14.1
  • Guarantor Corp R + T
  • # Units 2,091
View CONTACT

  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Brand new lease

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Tractor Supply Company
  • Guarantor Corp T and Rated
  • #Units 2,091
  • Moody's/S&P Baa1/ BBB
  • Stock NASDAQ: TSCO
CVS Pharmacy (LH)
5180 East Kings Canyon Road, Fresno, CA , 93727
  • Size SF13,137
  • Built/Renov2009
  • Price/SF$250
  • Lease Start12-31-2009
  • Rent/SF$21.84
  • Lease Type Abs NNN
  • Lot/AC1.68
  • Pop 5MI283,078
show more

michael carter

5865494260

frank rogers

(848) 348-3324

3,278,000

  • Cap Rate 8.75%
  • NOI $286,849
  • R. Term/Yrs 8.7
  • Guarantor Corp R + T
  • # Units 9,900
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Shopping Ctr out-parcel

  • Dense 200M+ pop 5 mi

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,900
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: CVS
CVS Pharmacy (LH)
4028 Lone Tree Way, Antioch, CA , 94531
  • Size SF13,013
  • Built/Renov2010
  • Price/SF$249
  • Lease Start12-31-2024
  • Rent/SF$19.31
  • Lease Type Abs NNN
  • Lot/AC2.02
  • Pop 5MI180,455
show more

frank rogers

8483483324

michael carter

(586) 549-4260

3,243,000

  • Cap Rate 7.75%
  • NOI $251,339
  • R. Term/Yrs 13.7
  • Guarantor Corp R + T
  • # Units 9,900
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,900
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: CVS
Mister Car Wash (GL)
1910 North Telegraph Road, Monroe, MI , 48162
  • Size SF2,000
  • Built/Renov2023
  • Price/SF$1,046
  • Lease Start05-01-2024
  • Rent/SF$57.50
  • Lease Type Abs NNN
  • Lot/AC1.71
  • Pop 5MI56,300
show more

frank rogers

8483483324

michael carter

(586) 549-4260

2,091,000

  • Cap Rate 5.50%
  • NOI $115,000
  • R. Term/Yrs 14.11
  • Guarantor Corp R + T
  • # Units 436
View CONTACT

  • New construction

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

    • ...
  • Tenant Mister Car Wash
  • Guarantor Corp T and Rated
  • #Units 436
  • Moody's/S&P B2/ B
  • Stock NYSE: MCW
Bob Evans
1997 Sunset Boulevard, Steubenville, OH , 43952
  • Size SF5,218
  • Built/Renov2008
  • Price/SF$610
  • Lease Start08-01-2023
  • Rent/SF$42.71
  • Lease Type Abs NNN
  • Lot/AC1.12
  • Pop 5MI50,221
show more

michael carter

5865494260

matthew mousavi

7144048849

patrick luther

4802214221

frank rogers

(848) 348-3324

3,184,000

  • Cap Rate 7.00%
  • NOI $222,854
  • R. Term/Yrs 19.2
  • Guarantor Corporate
  • # Units 440
View CONTACT

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Freeway visibility

  • Dense 100M+ pop 5 mi

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

    • ...
  • Tenant Bob Evans
  • Guarantor Corporate
  • #Units 440
  • Stock Private
Bob Evans
900 American Road, Lansing, MI , 48911
  • Size SF5,615
  • Built/Renov2001
  • Price/SF$540
  • Lease Start08-01-2023
  • Rent/SF$37.80
  • Lease Type Abs NNN
  • Lot/AC1.67
  • Pop 5MI114,497
show more

michael carter

5865494260

matthew mousavi

7144048849

patrick luther

4802214221

frank rogers

(848) 348-3324

3,032,000

  • Cap Rate 7.00%
  • NOI $212,242
  • R. Term/Yrs 19.2
  • Guarantor Corporate
  • # Units 440
View CONTACT

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Freeway visibility

  • Dense 100M+ pop 5 mi

  • Major MSA

  • Brand new lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

    • ...
  • Tenant Bob Evans
  • Guarantor Corporate
  • #Units 440
  • Stock Private
LongHorn Steakhouse
51295 Gratiot Avenue, Chesterfield, Michigan , 48051
  • Size SF5,111
  • Built/Renov2022
  • Price/SF$528
  • Lease Start08-01-2022
  • Rent/SF$26.41
  • Lease Type Abs NNN
  • Lot/AC1.24
  • Pop 5MI100,180
show more

michael carter

5865494260

frank rogers

(848) 348-3324

2,700,000

  • Cap Rate 5.00%
  • NOI $135,000
  • R. Term/Yrs 8.2
  • Guarantor Corp R + T
  • # Units 554
View CONTACT

  • New construction

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Shopping Ctr out-parcel

  • Highway close

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant LongHorn Steakhouse
  • Guarantor Corp T and Rated
  • #Units 554
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DRI
Advance Auto Parts
16 Sunrise Bend Court, Braselton, Georgia , 30517
  • Size SF11,981
  • Built/Renov2023
  • Price/SF$412
  • Lease Start10-12-2023
  • Rent/SF$20.61
  • Lease Type Double NN
  • Lot/AC1.52
  • Pop 5MI39,628
show more

michael carter

5865494260

frank rogers

(848) 348-3324

4,938,000

  • Cap Rate 5.00%
  • NOI $246,875
  • R. Term/Yrs 19.5
  • Guarantor Corp R + T
  • # Units 5,086
View CONTACT

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Brand new lease

  • Long 15+ yr lease

  • Traded and rated company

  • Corporate Guarantee

    • ...
  • Tenant Advance Auto Parts
  • Guarantor Corp T and Rated
  • #Units 5,086
  • Moody's/S&P Baa2/ BBB-
  • Stock NYSE: AAP
Wings Etc.
1399 Shadeland Avenue, Indianapolis, IN , 46219
  • Size SF4,509
  • Built/Renov2017
  • Price/SF$333
  • Lease Start12-01-2023
  • Rent/SF$24.84
  • Lease Type Abs NNN
  • Lot/AC1.13
  • Pop 5MI232,858
show more

frank rogers

8483483324

michael carter

(586) 549-4260

1,500,000

  • Cap Rate 8.00%
  • NOI $120,000
  • R. Term/Yrs 9.6
  • Guarantor Franchisee
  • # Units 1
View CONTACT

  • High traffic 50M+ VPD

  • Near major nationals

  • Strong tenant synergy

  • Highway close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Personal guarantee

    • ...
  • Tenant Wings Etc.
  • Guarantor Franchisee
  • #Units 1
  • Stock Private
Village Green Alzheimer's Care Home
13233 Medical Complex Drive, Tomball, TX , 77375
  • Size SF10,190
  • Built/Renov2018
  • Price/SF$375
  • Lease Start11-22-2018
  • Rent/SF$20.62
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI112,982
show more

frank rogers

8483483324

michael carter

(586) 549-4260

3,820,000

  • Cap Rate 5.50%
  • NOI $210,119
  • R. Term/Yrs 9.6
  • Guarantor Franchisee
  • # Units 1
View CONTACT

  • Dense retail corridor

  • Hospital close

  • Strong tenant synergy

  • Highway close

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Income tax free state

  • Absolute NNN

  • Annual rent increases

  • Personal guarantee

    • ...
  • Tenant Village Green Alzheimer's Care Home, LLC
  • Guarantor Franchisee
  • #Units 1
  • Stock Private
Rite Aid
1664 West Grand River Road, Okemos, MI , 48864
  • Size SF1,180
  • Built/Renov1998
  • Price/SF$2,175
  • Lease Start10-01-1998
  • Rent/SF$157.66
  • Lease Type Double NN
  • Lot/AC1.86
  • Pop 5MI93,933
show more

frank rogers

8483483324

michael carter

(586) 549-4260

2,566,000

  • Cap Rate 7.25%
  • NOI $186,035
  • R. Term/Yrs 0.7
  • Guarantor Corp R + T
  • # Units 2,309
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Highway location

  • Affluent AHHI $100K 5 Mi

  • Major MSA

  • Long operation history

  • Store sales reported

  • Traded and rated company

  • Corporate Guarantee

    • ...
  • Tenant Rite Aid of Michigan, Inc.
  • Guarantor Corp T and Rated
  • #Units 2,309
  • Moody's/S&P Caa2/ CCC+
  • Stock NYSE: RAD
Chewy
3621 Fern Valley Road, Louisville, KY , 40219
  • Size SF25,274
  • Built/Renov1975/2010
  • Price/SF$250
  • Lease Start09-01-2018
  • Rent/SF$18.72
  • Lease Type Modified Gross
  • Lot/AC3.14
  • Pop 5MI208,289
show more

michael carter

5865494260

frank rogers

(848) 348-3324

6,308,000

  • Cap Rate 7.50%
  • NOI $473,118
  • R. Term/Yrs 4.11
  • Guarantor Corp Traded
  • # Units 15
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Near major nationals

  • Strategically located

  • Highway location

  • Dense 200M+ pop 5 mi

  • Strong sales history

  • Annual rent increases

  • Corporate Guarantee

  • Publicly traded company

    • ...
  • Tenant Chewy, Inc.
  • Guarantor Corp Traded
  • #Units 15
  • Stock NYSE: CHWY
Dollar Tree
322 Walton Boulevard, Pontiac, MI , 48340
  • Size SF9,750
  • Built/Renov2016
  • Price/SF$169
  • Lease Start01-01-2017
  • Rent/SF$11.40
  • Lease Type Double NN
  • Lot/AC0.89
  • Pop 5MI154,305
show more

frank rogers

8483483324

michael carter

(586) 549-4260

1,647,000

  • Cap Rate 6.75%
  • NOI $111,150
  • R. Term/Yrs 2.7
  • Guarantor Corp R + T
  • # Units 8,134
View CONTACT

  • Dense retail corridor

  • Near major nationals

  • Freeway close

  • Strong tenant synergy

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Strong demographics

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Dollar Tree
  • Guarantor Corp T and Rated
  • #Units 8,134
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR
Dollar General
8200 West Grand Ledge Highway, Sunfield, MI , 48890
  • Size SF10,640
  • Built/Renov2023
  • Price/SF$130
  • Lease Start07-01-2023
  • Rent/SF$8.34
  • Lease Type Abs NNN
  • Lot/AC1.78
  • Pop 5MI3,696
show more

frank rogers

8483483324

michael carter

(586) 549-4260

1,387,000

  • Cap Rate 6.40%
  • NOI $88,768
  • R. Term/Yrs 14.1
  • Guarantor Corp R + T
  • # Units 19,294
View CONTACT

  • New construction

  • Strategically located

  • Highway location

  • Affluent suburb location

  • Major MSA

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant Dolgencorp, LLC
  • Guarantor Corp T and Rated
  • #Units 19,294
  • Moody's/S&P Baa3/ BBB
  • Stock NYSE: DG

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