31010 John R Rd - Freestanding FOR SALE


Madison Heights, MI 48071
$4,017,231 USD
248-385-5000
31010 John R Rd, Madison Heights, MI for Sale
$4,017,231 USD
Freestanding - FOR SALE
1/3
null | 6.5% Cap Rate

31010 John R Rd
Madison Heights, MI 48071


OVERVIEW

Mid-America Real Estate - Michigan, Inc. has been retained on behalf of ownership to sell the 100% fee interest in the Goodwill Industries of Greater Detroit retail store in Madison Heights, Michigan. The property is located on the northeast corner of 13 Mile & John R Roads, on the outlot to Sam’s Club. The property is a former CVS that went through a complete renovation to convert into Goodwill’s prototype. Goodwill originally signed a 15-year absolute triple-net (NNN) lease. The store opened July 11th, 2024 to a large crowd ready to shop and donate.

FOR SALE DETAILS

PRICE

$4,017,231 USD

PRICE/SF

$369 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodwill - Absolute NNN Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

B-2

APN/PARCEL ID

25-01-351-017

ASK ABOUT THIS PROPERTY

Jared GellMid-America Real Estate - Michigan, Inc.More Info
248-385-5000

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Jared GellMid-America Real Estate - Michigan, Inc.More Info
248-385-5000

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