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For Sale

Enterprise Rent-A-Car – Absolute NNN Investment Opportunity

24400 Drake Road
Farmington Hills, Michigan 48237

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For Sale

Enterprise Rent-A-Car – Absolute NNN Investment Opportunity

24400 Drake Road
Farmington Hills, Michigan 48237

- Property Information

eCODE 555
County: Oakland
Property Type: Retail
Total Building SF: ± 2,357 SF
Occupancy Rate: 100%
Sale Price: $460,000
Sale Price Per SF: $195.16

- Property Details

Occupancy Type: Single Tenant
Year Built: 1980
Year Renovated: 2005
# Acres: 4.19
Zoning: B-3
Parcel ID: 23-21-351-024
Parking Type: Surface
# Spaces: 59

- Additional Information

  • 100% occupied – Absolute NNN leased Enterprise Rent-A-Car property
  • Long and successful operating history at this location (since 1985)
  • Enterprise Rent-A-Car is the largest car rental brand in North America with over 7,000 locations
  • 2% annual rent escalations
  • Located in a strong commercial corridor that features many car dealerships including BMW, Mercedes Benz, Land Rover, Audi, Porsche, Jaguar, Infinity, Ford, Toyota, Honda, Jeep, and Dodge
  • Positioned just off of the heavily trafficked signalized intersection of Drake Road and Grand River Avenue
  • Over 70,000 people reside within a three mile radius of the property earning annual household incomes of approximately $95,000
  • In-place NOI: $45,900
  • Sale price: $460,000

- For more information, contact:

Steven Silverman

248.324.2000 Request a call