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29447 Ford Rd
Garden City, MI 48135
Retail Property For Sale
Investment Highlights
- Rite Aid has been successfully operating here since 2000 and recently extended its lease for an additional 5 years showing commitment to the site
- Main retail corridor location with surrounding tenants including ALDI, McDonald’s, Taco Bell, Dollar Tree, Chase Bank and Planet Fitness
- Property is situated in a strong demographic area with a population of 14,701 within 1 miles, 132,520 within 3 miles, and 307,384 within 5 miles
- Corporately guaranteed lease by Rite Aid Corporation
- Little to no landlord expenses or responsibilities coupled with a higher cap rate and low fixed rate debt
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,201 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.28 AC
Zoning
CBD - Retail
Parking
60 Spaces (5.36 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 35-016-01-0029-307 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $549,000 |
Property Taxes
Parcel Number
35-016-01-0029-307
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$549,000
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