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CVS Pharmacy 4101 Telegraph Rd 7,144 SF Retail Building Bloomfield Hills, MI 48302 $3,517,046 ($492.31/SF) 6.50% Cap Rate
Investment Highlights
- Pride of Ownership / Generational Bloomfield Hills Location
- New 10-Year Lease Extension Signed September 2025
- High Reported Sales – Contact Broker
- Absolute NNN Lease / NO LL Responsibilities
Executive Summary
Landmark Investment Sales is pleased to offer for sale a true pride-of-ownership CVS at the irreplaceable “Main & Main” corner of Telegraph Road and Long Lake Road in Bloomfield Hills, MI. Adjacent to a high-performing Kroger and surrounded by Class A retail in one of Metro Detroit’s most affluent areas, this generational asset benefits from average household incomes over $268,000 within one mile. CVS has operated here since 1992, recently executed a 10-year lease extension through 2037, and generates sales well above market averages. Backed by CVS Health’s investment-grade credit, this absolute NNN lease offers long-term stability with zero landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,144 SF
Building Class
C
Year Built
1968
Price
$3,517,046
Price Per SF
$492.31
Cap Rate
6.50%
NOI
$228,608
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.48 AC
Zoning
Commercial - Commercial use
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-16-326-004 | Improvements Assessment | $419,670 |
| Land Assessment | $164,800 | Total Assessment | $584,470 |
Property Taxes
Parcel Number
19-16-326-004
Land Assessment
$164,800
Improvements Assessment
$419,670
Total Assessment
$584,470
Contacts
-
Max Lippitt -
Dan Kukes -
Jason Greenspan -
Eli Neuman -
Landmark Commercial RE Services
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CVS Pharmacy | 4101 Telegraph Rd
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