- For Sale $3,577,000
- Property Type Retail - Freestanding
- Property Size 15,340 SF
- Lot Size 1.6 Acre
- Property Tenancy Single Tenant
- Year Built 2006
- Date Updated Sep 9, 2025
Reach out to the broker for more info on lease terms and amenities
Highlights
- Absolute NNN Lease – Zero landlord responsibilities; tenant covers property taxes, insurance, and all maintenance
- Corporate Guarantee – Lease backed by CVS Health (NYSE: CVS), an investment-grade tenant with a Standard & Poor’s credit rating of “BBB."
- Desirable Market – Located in Shelby Township, one of Metro Detroit’s most sought-after northern suburbs, noted for population growth, above-average incomes, and consistent retail demand
- High Quality Construction – High-quality all-brick building featuring retail on the first floor and storage on the second floor
- Long-Term Commitment – Recent 10-year lease extension with three (3) additional five-year option periods, each including 10% rent increases
- National Tenants Surrounding Investment Property: Burger King, Starbuck's, Advance Auto Parts, KFC, Pizza Hut, Planet Fitness, Walmart, and more
- Prime Location – Hard corner, signalized intersection of Van Dyke Avenue & 24 Mile Road with excellent visibility to 33,000+ vehicles per day
- Single Ownership Structure – No rent holiday; property consists of both the ground lease and sublease under common ownership
- Strong Demographics – Over 167,000 residents within a 5-mile radius and average household incomes exceeding $98,000
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Contacts

Encore Real Estate Investment Services
Location
Getting Around
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Walk Score ®
44/100 Car-Dependent
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Bike Score ®
38/100 Somewhat Bikeable
- City Shelby Township, MI
- Neighborhood Sterling Heights
- Zip Code 48316
- Market Detroit
Points of Interest
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Marathon
0.56 miles
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Shell
0.99 miles
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BP
1.01 miles
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Mobil
1.06 miles
-
Speedway
1.31 miles
-
Murphy USA
1.65 miles
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eVgo
7.12 miles
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ChargePoint
8.31 miles
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for Chase Bank
1.63 miles
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Stony Creek Roadhouse parking
3.12 miles
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South parking - Older Persons Commission
4.33 miles
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Parking Lot - Gym & Pool
4.48 miles
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Parking Lot - Auditorium
4.54 miles
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Parking - Hart Middle School
4.64 miles
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West Branch Area F
4.67 miles
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West Branch Area D
4.74 miles
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West Branch Area E
4.75 miles
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Domino's
1.00 miles
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McDonald's
1.02 miles
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Bad Brads BBQ
1.18 miles
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KFC
1.23 miles
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Tonini's Woodfired Pizzeria
1.34 miles
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White Castle
1.69 miles
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Little Caesars
1.69 miles
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Hardee's
1.72 miles
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Dairy Queen
1.86 miles
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Kerby's Koney Island
1.87 miles
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Big Lots
0.94 miles
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Vince & Joe's
1.08 miles
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Walmart Supercenter
1.49 miles
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Kroger
1.82 miles
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TJ Maxx
1.83 miles
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Target
1.84 miles
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Kohl's
1.86 miles
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Meijer
2.17 miles
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ALDI
2.88 miles
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Meijer Grocery
3.15 miles
Frequently Asked Questions
The space currently listed for sale at CVS asks for $3,577,000.
CVS totals 15,340 square feet.
CVS was built in 2006.
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Encore Real Estate Investment Services