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For Sale

CVS Retail Center – Multi-Tenant NNN Investment Opportunity

539-569 E 9 Mile Rd
Ferndale, Michigan 48220

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For Sale

CVS Retail Center – Multi-Tenant NNN Investment Opportunity

539-569 E 9 Mile Rd
Ferndale, Michigan 48220

- Property Information

eCODE 606
County: Oakland
Property Type: NNN Investment, Retail
Total Building SF: ± 15,722 SF
Occupancy Rate: 100%
Sale Price: $3,100,000
Sale Price Per SF: $197.18

- Property Details

Occupancy Type: Multi Tenant
Zoning: C-3
Parking Type: Surface
# Spaces: 70
Parking Ratio: 4.43/1,000 SF

- Additional Information

  • 15,722 SF neighborhood retail strip center
  • 100% occupied – NNN multi-tenant leased asset
  • Minimal landlord responsibilities
  • CVS Health Corporation lease (Nasdaq: CVS)
  • Long term remaining leases with rent escalations and potential upside/value-added opportunity
  • Located in the vibrant 9 Mile and Woodward, Ferndale retail corridor
  • Year 1 NOI: $212,450
  • Sale price: $3,100,000

- For more information, contact:

Alan Stern

Steven Silverman

248.324.2000 Request a call