Rite Aid

5983 Highland Rd, Waterford, MI 48327

Property Information

  • For Sale Unpriced – Inquire for Guidance
  • Property Type Retail - Freestanding
  • Property Size 14,564 SF
  • Units 1
  • Lot Size 2.2 Acre
  • Property Tenancy Single Tenant
  • Year Built 2008
  • Date Updated May 14, 2026

Description

Waterford is in the geographic center of Oakland County, Michigan, and is located about 35 miles north of Detroit, Michigan's largest city. Waterford has an estimated population of 72,166. With 32 lakes and streams throughout the community, there is plenty of opportunity for a diverse array of water sports activities (fishing, canoeing, skiing, tubing, sailing, and more). The parks, lakes, and streams also provide great winter fun. Snowmobiling, ice skating, and cross-country skiing keep visitors entertained. Oakland County is a county in the state of Michigan. It is part of the metropolitan Detroit area, located northwest of the city. As of the 2020 Census, its population was 1,274,395, making it the second-most populous county in Michigan, behind neighboring Wayne County. The county was founded in 1819and organized in 1820. Oakland County is composed of 62 cities, townships, and villages, and is part of the Detroit-Warren-Dearborn, MI Metropolitan Statistical Area. Oakland County is among the ten highest-income counties in the United States with a population of over one million people. The county's knowledge-based economic initiative, coined "Automation Alley", has developed one of the largest employment centers for engineering and related occupations in the United States. General Motors, Ford, and Chrysler are major employers within southeast Michigan and have a significant presence in Oakland County. It is also home to Oakland University, a large public institution that straddles the border between the cities of Auburn Hills and Rochester Hills..

Highlights

  • excellent visibility and access
  • Former Rite Aid building positioned along Highland Road (M-59), one of Waterford’s most heavily traveled commercial corridors with
  • Less than 6 Miles from Pontiac Lake Recreation | Averages 500K+ Visits per year and over 3700 Acres of rolling hills, trails, and woodlands
  • levels | Diverse local economy supported by healthcare, manufacturing, retail, and education
  • Located at the Signalized Intersection of Highland Rd and Airport Rd | Excellent daily traffic counts exceeding 40,000 vehicles per day
  • Located in a dense retail trade area surrounded by national tenants such as Kroger, Meijer, Home Depot, Planet Fitness, and McDonald’s
  • Only 1 Mile from Oakland County International Airport
  • Waterford Township is part of the Detroit metropolitan area, benefiting from steady population density and household income
  • Within 5 Minutes from multiple Golf Courses including White Lake Oaks Golf Course and Pontiac Country Club

Contacts

Evan Lyons

Encore Real Estate Investment Services

Location

Contact Listing Broker
Evan Lyons

Encore Real Estate Investment Services

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