18585 Dale St - Drug Store FOR SALE


Detroit, MI 48219- Redford
$2,062,500 USD
248-226-1610
18585 Dale St, Detroit, MI for Sale
$2,062,500 USD
Drug Store - FOR SALE
1/2
null | 8% Cap Rate

18585 Dale St
Detroit, MI 48219
Redford


OVERVIEW

Absolute Net Lease | Corporate Guarantee with no Landlord Responsibility | 8% CAP RATE | $165,000 NOI 4 Years Lease Term & (4) 5-Yr. Options 50 +/- Surface Parking Spots | Densely Populated Area | 108k+ PPL in 3-Mile Radius & 298k+ in 5-Mile Radius Situated on a Signalized Major Intersection | Telegraph Road & Grand River Avenue High Visibility | 356’ Frontage on Telegraph Road & 155’ on Grand River Avenue | 55,173 VPD Walkable Community | Bus Stop on Telegraph | High Accessibility | 4 Points of Ingress/Egress Strategic Location | Part of Detroit Urban Revitalization | Minutes from Southfield, Redford, & Livonia

FOR SALE DETAILS

PRICE

$2,062,500 USD

PRICE/SF

$206 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

R1

APN/PARCEL ID

22-12228-692

ASK ABOUT THIS PROPERTY

Simon JonnaJonna GroupMore Info
248-226-1610

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Simon JonnaJonna GroupMore Info
248-226-1610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.