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Absolute NNN Rite Aid Ground Lease - Availability Details

1301 W 14 Mile Rd, Clawson, MI 48017

  • For Sale $5,151,000
  • Property Type Retail - Freestanding
  • Property Size 14,564 SF
  • Lot Size 1.01 Acre
  • Property Tenancy Single Tenant
  • Year Built 2006
  • Date Updated May 04, 2022
Clawson is a city in Oakland County in the U.S. state of Michigan. It is part of the Detroit metropolitan area. At the 2018 census, its population was 11,936. The city of Clawson is entirely within the boundaries of Clawson Public Schools. Japhet School, a private school, is located in a former YWCA building in Clawson. It moved there in August 2013 from its previous location in Madison Heights Oakland County is a county in the U.S. state of Michigan. It is northwest of Detroit and part of metropolitan Detroit. As of the 2018 census, its population was 1,202,362, making it the second-most populous county in Michigan, behind neighboring Wayne County. The county seat is Pontiac. The county was founded in 1819 and 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. The city of Detroit is in neighboring Wayne County, south of 8 Mile Road. Oakland County is among the ten highest-income counties in the United States with a population of over one million people. It is also home to Oakland University, a large public institution that straddles the Auburn Hills and Rochester Hills border. The East Campus of the Oakland County Service Center is located in Pontiac. It includes the county courthouse and jail for adults. The West Campus of the Oakland County Service Center is located in Waterford Township. This includes the Oakland County Executive Building and Conference Center, and the Oakland County Children’s Village, the county’s juvenile detention center for children. The Children’s Village acts as one of the support sites for the Waterford School District Oakland County International Airport (PTK) (Waterford Township) - Charter passenger facility. The following airports are located in neighboring counties: Detroit Metropolitan Wayne County Airport (DTW) (Romulus) - Major commercial airport and hub for Delta Air Lines and Spirit Airlines located in Wayne County. Bishop International Airport (FNT) (Flint) - Commercial airport located in Genesee County. Coleman A. Young International Airport (DET) (Detroit) - General aviation only. This airport is in Wayne County in the city of Detroit.
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Location

  • City Clawson, MI
  • Neighborhood Clawson
  • Zip Code 48017
  • Market Detroit

Contacts

broker

Deno Bistolarides

Encore Real Estate Investment Services

(248) 702-0288

Highlights

  • Absolute NNN Ground Lease | ZERO Landlord Responsibilities
  • Rite Aid Corporately Guaranteed Lease
  • Rite Aid Executed an Early 10 Year Lease Renewal in April 2022 - Exhibits a Strong Commitment to the Location
  • Rite Aid Recently Refreshed Exterior Signage at their Cost
  • Lease is Equipped with Four, Five Year Options to Renew with Increase in Each
  • Strategically Located Near the Signalized, Hard Corner Intersection of W. 14 Mile Road and Crooks Road with a Combined 47,500 Vehicles Passing by Daily
  • Strong Suburban Detroit Location - Located in a Densely Populated Suburb in the Heart of Oakland County
  • Strong Household Income, Home Values and Growing Demographics
  • The Asset has Excellent Visibility and Multiple Points of Ingress/Egress
  • The Building is Equipped with a Drive-thru, Providing Ease and Convenience for Customers
  • Ideally positioned as an anchor in the Clawson Shopping center alongside ALDI, Staples, and Dollar Tree
  • Other nearby national/credit tenants include a 24-hour Walmart Supercenter, Target, The Home Depot, Whole Foods, Lowe’s, Kroger, Nordstrom Rack, Old Navy, Dick’s Sporting Goods, and more

Frequently Asked Questions

What year was Absolute NNN Rite Aid Ground Lease built and finished?

Absolute NNN Rite Aid Ground Lease was completed in 2006.

Contact Listing Broker

broker

Deno Bistolarides

Encore Real Estate Investment Services

(248) 702-0288

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