Map of Property

CVS Pharmacy

18585 Dale Street, Detroit, MI 48219

  • For Sale $2,062,500
  • Property Type Retail - Freestanding
  • Property Size 10,024 SF
  • Lot Size 1.18 Acre
  • Property Tenancy Single Tenant
  • Date Updated Apr 2, 2024
Located in Detroit, MI, just minutes away from iconic Detroit landmarks such as the Motown Museum and the Detroit Institute of Arts, the location offers a perfect blend of cultural and business amenities.Discover a prime investment opportunity in a bustling commercial hub with this exceptional free-standing building located at 18585 Dale Street in Detroit, MI. With a strong track record of 100% occupancy, investors can expect a stable and lucrative return. Its strategic location provides high visibility and accessibility, positioning it as an ideal choice for retail businesses seeking to thrive. This property presents a promising opportunity for investors looking to add a reliable, income-generating asset to their portfolio in a dynamic and sought-after location.

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Highlights

  • Absolute Net Lease | Corporate Guarantee with no Landlord Responsibility
  • 8% CAP RATE | $165,000 NOI
  • 5.42 Years Lease Term & (4) 5-Yr. Options
  • 50 +/- Surface Parking Spots
  • Densely Populated Area | 108k+ PPL in 3-Mile Radius & 298k+ in 5-Mile Radius
  • Situated on a Signalized Major Intersection | Telegraph Road & Grand River Avenue
  • High Visibility | 356’ Frontage on Telegraph Road & 155’ on Grand River Avenue | 55,173 VPD
  • Walkable Community | Bus Stop on Telegraph
  • High Accessibility | 4 Points of Ingress/Egress
  • Strategic Location | Part of Detroit Urban Revitalization | Minutes from Southfield, Redford, & Livonia

Contacts

broker

Simon Jonna

Colliers Birmingham

(248) 226-1610

Location

Getting Around

  • Walk Score ®

    63/100 Somewhat Walkable

  • Transit Score ®

    48/100 Some Transit

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Redford
  • Zip Code 48219
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    4.66 miles

  • Royal Oak

    7.96 miles

  • Dearborn

    8.45 miles

  • Smith's Creek Depot Station

    8.51 miles

  • Walnut Grove Station

    8.63 miles

  • Firestone Station

    8.64 miles

  • Troy

    9.24 miles

  • Marathon

    0.24 miles

  • BP

    0.28 miles

  • Sunoco

    0.38 miles

  • BP

    0.50 miles

  • Mobil

    0.76 miles

  • Clark

    0.76 miles

  • Citgo

    0.82 miles

  • Sunoco

    0.90 miles

  • Citgo

    0.97 miles

  • Sunoco

    1.24 miles

  • Parking Lot D

    2.75 miles

  • Parking Lot C

    2.77 miles

  • Vistor Parking Lot B

    2.77 miles

  • Vistor Parking Lot A

    2.80 miles

  • Parking Lot E

    2.83 miles

  • Parking Lot G

    2.93 miles

  • Parking Lot H

    3.51 miles

  • Parking Lot A

    3.61 miles

  • Parking Lot G

    3.63 miles

  • Parking Lot E

    3.79 miles

  • Demi's Restaurant & Bar

    0.26 miles

  • Aurora Coney Island

    0.31 miles

  • Dairy Queen

    0.45 miles

  • Nicky D's Coney Island

    0.90 miles

  • KFC

    0.93 miles

  • Wendy's

    0.99 miles

  • Burger King

    1.03 miles

  • Mama Mias

    1.13 miles

  • Checkers

    1.19 miles

  • McDonald's

    1.24 miles

  • Glory Super Market

    0.34 miles

  • Redford Oaks

    0.84 miles

  • Redford Oaks

    0.94 miles

  • Aldi

    1.23 miles

  • Spartan Foods

    1.24 miles

  • Evergreen Supply Company

    1.63 miles

  • Save-A-Lot

    1.92 miles

  • Value Center

    2.17 miles

  • 8 Mile Foodland

    2.84 miles

  • Busch's CARES Market

    2.89 miles

Frequently Asked Questions

What is the lease rate for CVS Pharmacy?

Rental asking rate at CVS Pharmacy is $1,031,250.00/YR.

What is the total square footage of CVS Pharmacy?

CVS Pharmacy totals 10,024 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Simon Jonna

Colliers Birmingham

(248) 226-1610