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28249008
28249009

22134 Woodward Ave, Ferndale, MI 48220 For Sale

DP
MI MI 6502361821
Fortis Net Lease
Listed by Fortis Net Lease
$1,466,666
247 days on market
Updated 149 days ago

Caribou Coffee

Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,200
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Options Three, 5-Year Options
Price per SqFt $667
Acreage 0.390
Investment Type Net Lease
Lease Commencement 07/13/2023
Ownership Fee Simple

Retail | 2,200 SqFt

Marketing description

Fortis Net Lease is pleased to present a prime investment opportunity in Ferndale, MI! This impeccably located 2,200 SF building boasts 100% occupancy, making it an ideal venture for retail or restaurant investors. Situated in a sought-after area, this property presents an excellent opportunity for those seeking a thriving location to establish or expand their business. With its prime location and fully leased status, this property offers a promising investment with immediate returns. Don't miss the chance to own a piece of this bustling commercial district.

Ferndale, Michigan, is a vibrant city located in Oakland County, just north of Detroit. Known for its eclectic charm and inclusive atmosphere, Ferndale blends a small-town feel with the energy of an urban community. Its downtown area is a hub of activity, featuring a mix of locally owned restaurants, coffee shops, boutiques, and entertainment venues that attract both residents and visitors. The city’s walkable streets and community-oriented spaces make it a desirable place for young professionals, families, and artists alike.

Beyond its bustling downtown, Ferndale is recognized for its progressive values and strong sense of community. The city hosts numerous cultural events and festivals throughout the year, celebrating diversity, creativity, and local talent. With well-maintained parks, active neighborhood associations, and easy access to major highways, Ferndale offers a balanced lifestyle that combines convenience, culture, and connectivity in the heart of Metro Detroit.

Investment highlights

  • Very Rare Grandfathered Drive-Thru
  • Hard-Corner Site on Woodward Ave
  • 10% Rent Increases Every 5 Years
  • Strong Franchisee (Bread of Life, LLC) -- Backed by
  • Franchisor Addendum
  • Minimal Landlord Responsibilities (Roof & Structure)
  • Patio Seating & RPU Spots
  • Dense, Walkable Ferndale Submarket
  • Strong Demographics and Foot Traffic

Listing Contacts

DP
MI MI 6502361821
Fortis Net Lease
Listed by Fortis Net Lease

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Additional Information

Name
Doug Passon
License
MI 6502361821
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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