7774 Sashabaw Rd
Clarkston, MI 48348
DTE Energy Music Theatre Parking Lot · Land For Sale · 27.44 AC

Marcus & Millichap is pleased to present this ground lease DTE Energy Music Theatre (DTE) parking lot in the city of Clarkston in Oakland County, Michigan. Located approximately 30 miles northwest of Detroit, the owner of the amphitheater has been using the parking lot for over 40 years. The lease is corporately backed by Pine Knob Holdings, a subsidiary of Palace Sports & Entertainment. Palace Sports & Entertainment, founded by Bill Davidson and owned by Tom Gores and Platinum Equity, is comprised of: The Detroit Pistons NBA team, The Palace of Auburn Hills arena, DTE Energy Music Theatre, the Meadow Brook Music Festival. This 27-acre parking lot used by DTE has access from both Sashabaw Road and Pine Knob Road. The parking lot can accommodate approximately 2,200 vehicles and offers convenience through first-in-first-out parking. DTE has a capacity of over 15,000 attendees, making it the largest amphitheater in Michigan. Named the nation' s most attended amphitheater by Amusement Business/Billboard for 21 years, the venue' s season opens each Memorial Day Weekend and concludes each September or October. Tom Petty and the Heartbreaks, Chicago, and The Doobie Brothers are slated to perform summer 2017. Past performers Mumford & Sons, Drake, Robert Plant, Toby Keith, Dave Matthews Band, Steely Dan, Tim McGraw, Kid Rock, alt-J, Peter Frampton, and many The surrounding area provides strong demographics: over 81,000 with an average household income that tops $91,000 within the five-mile Additionally, the site sits in Oakland County, the second most populous in Michigan and among the 10 highest income counties in the United States populations over one million people.