Listed by The Jonna Group at Colliers International
$2,200,000
Former CVS (Sale or Lease)
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 10,024
Cap Rate 8.00%
NOI $165,000
Tenancy Vacant
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/30/2029
Remaining Term 4.2
Price per SqFt $206
Year Built 1999
Stories 1
Acreage 1.180
Parking Spaces 50 spaces
Parking Per SqFt 4.99
Investment Type Owner/User
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/06/1999
Ground Lease No
Ownership Fee Simple
10,024 Sq Ft | Avaialble for Sale or Lease | Signalized Corner
Investment highlights
- Available for Sale or Lease
- 10,024 Sqft. on a Busy Signalized Corner
- Freestanding Prototype with Drive-Thru
- High Visibility: Pylon Signage Available
- Value-Add Opportunity & Upside
- Accessibility: 3 Curb Cuts | 30+ Parking Spots
- Main on Main Signalized Intersection with Multiple Ingress/Egress Points
- High Density & Traffic Counts: 170,000 VPD
- Densely Populated Area | 108k+ PPL in 3-Mile Radius & 298k+ in 5-Mile Radius
- 356’ Frontage on Telegraph Road & 155’ on Grand River Avenue
- Walkable Community | Bus Stop on Telegraph
Listing Contacts
Listed by The Jonna Group at Colliers International
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,000.00
$13,750.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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