31010 John R Rd
Madison Heights, MI 48071
CVS Pharmacy | Sam's Club Out Lot · Retail Property For Sale

The Jonna Group of Marcus & Millichap is pleased to present the exclusive listing for a NNN ground lease fee-simple CVS Pharmacy located in Madison Heights, Michigan. The investment has 6 years remaining in the base term that includes rare (6) 5-year options with increases. The subject property benefits from being on a hard signalized corner, in a prime retail trade zone and is an ideal out lot to a 134,000-square foot Sam’s Club that is consistently busy. The CVS asset is strategically located off the busy corner of E 13 Mile Road and John R Road that sees over 60,000 vehicles traveling per day. The subject property is located within a dense residential area of Madison Heights that consists of over 136,000 households in a 5-mile radius and a heavily populated area that consists of over 320,000 people in a 5-mile radius. Retailers in the immediate vicinity include: Sam’s Club, Costco, Meijer, Target, Kroger, Lowe’s, JoAnn Fabrics, Best Buy, AMC Theater, AutoZone, FedEx and many more. The subject site is located minutes from Oakland Mall, an enclosed 1,500,000-square foot super regional mall located in the city of Troy, Michigan. Oakland Mall features approximately 120 stores including Macy’s, JCPenney, At Home, Champs Sports, Dick’s Sporting Goods, Finish Line, Express, Forever 21, Rue 21, Starbucks, Panda Express, Logan’s Roadhouse, Field & Stream and much more. Madison Heights is located in Oakland County, Michigan, one of the 10 highest income counties in the United States with populations of over one million people. Madison Heights is part of Oakland County’s Automation Alley, and consists of over 1,300 commercial and industrial businesses and services. Notable emajor employers include St. John Oakland Hospital, UPS, Henkel Surfacce Technologies, Meijer, Madison & Lamphere School Districts, ADT Security, Costco, and Weldmation, Inc. The city has 23 shopping centers, 11 hotels, more than 860,000-square feet of office space, and seven industrial parks that include 10,000,000-square feet.