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18585 Dale St
Detroit, MI 48219
CVS · Retail Property For Sale
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
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,024 SF
Building Class
B
Year Built
1999
Price
$1,940,000
Price Per SF
$193.54
Cap Rate
8.51%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.18 AC
Opportunity Zone
Yes
Zoning
R1 - R1
Parking
30 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 22-12228-692 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $517,100 |
PROPERTY TAXES
Parcel Number
22-12228-692
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$517,100
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