$5,950,000 USD
248-579-5045
29425 Orchard Lake Rd
Farmington Hills, MI 48334
Farmington
HIGHLIGHTS
- Absolute NNN Ground Lease with Zero Landlord Responsibility
- Corporate CVS Credit – Investment-Grade Tenant
- Long-Term Lease with 9+ Years of Remaining Term
- Strong Rent Growth via 5% Increases in Option Periods
- Prime Hard-Corner Location with Exceptional Traffic Exposure (47K VPD)
- Dense, Affluent Suburban Detroit Demographics | High-Income Trade Area | 140K Average Household Income
FOR SALE DETAILS
PRICE
$5,950,000 USD
PRICE/SF
$450 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1.23 AC
LAND SF
53,579 SF
ZONING
Commerical
APN/PARCEL ID
23-10-228-001
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248-579-5045
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248-579-5045
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