What is the asking price for CVS Pharmacy?

The lease rate for space here is Contact for pricing.

What is the total size of CVS Pharmacy?

The property has a total square footage of 13,210 SF.

When was this property built?

CVS Pharmacy was built in 2008.

How many parking spaces are available at CVS Pharmacy?

Parking information for the property isn't currently listed. However, other nearby parking options include Lot 1A, located 1.43 miles away , and Lot 1B, which is 1.44 miles away.

29425 Orchard Lake Rd, Farmington Hills, MI 48334

For Sale $5,950,000
Property Type Retail - Street Retail
Property Size 13,210 SF
Lot Size 1.23 Acre
Year Built 2008
Date Updated May 18, 2026

Description

Immerse yourself in the thriving community of Farmington Hills, MI – an ideal location for Retail / Street Retail investors. Positioned within a vibrant commercial hub, the area is bustling with activity and growth. Nearby destinations like the Farmington Hills Golf Club and Heritage Park offer recreational opportunities for the local community, creating a dynamic environment for businesses to flourish. With a strategic location and a strong demographic profile, the area presents an enticing prospect for retail establishments. Embrace the opportunity to join this thriving commercial landscape and carve out your place in this dynamic and sought-after location..

Highlights

Absolute NNN Ground Lease with Zero Landlord Responsibility - The property is encumbered by an absolute NNN ground lease, with CVS responsible for roof, structure, parking lot, HVAC, taxes, insurance, and all operating expenses, delivering truly passive income for ownership
Corporate CVS Credit – Investment-Grade Tenant - Leased to CVS Pharmacy, one of the nation’s largest and most established pharmacy operators with 9,160+ locations nationwide and $372.8B in annual revenue, providing long-term income security backed by corporate credit
Dense, Affluent Suburban Detroit Demographics - The property is surrounded by high-income households with average household incomes exceeding $139,000 within a 5-mile radius, supporting strong pharmacy demand and long-term store performance
Long-Term Lease with 9+ Years of Remaining Term - The lease runs through January 2035, offering durable cash flow with five (5) additional 5-year renewal options, extending potential tenancy well beyond the initial term.
Modern, Purpose-Built CVS Prototype - Constructed in 2008, the ±13,210 SF building features a modern layout, ample parking, and strong signage, aligning with CVS’s long-term operational standards.
Prime Hard-Corner Location with Exceptional Traffic Exposure - Strategically positioned along Orchard Lake Road (32,115 VPD) near 13 Mile Road (14,815 VPD), ensuring excellent visibility, accessibility, and long-term real estate relevance
Strong Rent Growth via 5% Increases in Option Periods - Built-in 5% rental escalations during each option period provide predictable income growth and hedge against inflation over the long term