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CVS 18585 Dale St 10,024 SF Retail Building Detroit, MI 48219 $2,652,077 CAD ($264.57 CAD/SF) 8.51% Cap Rate
Executive Summary
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
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
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,024 SF
Building Class
B
Year Built
1999
Price
$2,652,077 CAD
Price Per SF
$264.57 CAD
Cap Rate
8.51%
NOI
$225,563 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.18 AC
Opportunity Zone
Yes
Zoning
R1 - Residential zoning district
Parking
30 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-12228-692 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $705,536 CAD |
Property Taxes
Parcel Number
22-12228-692
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$705,536 CAD
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CVS | 18585 Dale St
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