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CVS Pharmacy - Availability Details

29425 Orchard Lake Road, Farmington Hills, MI 48334

  • For Sale $7,100,000
  • City Farmington Hills
  • Neighborhood Farmington Hills
  • Zip Code 48334
  • Market Detroit
  • Property Type Retail - Freestanding
  • Property Size 13,210 Sqft
  • Lot Size 1.1 Acre
  • Property Tenancy Single Tenant
  • Year Built 2008
  • Date Updated 14 May, 2021
Farmington Hills is the second largest city in Oakland County. The population was 79,740 at the 2010 census. It's part of the northwestern suburbs of Metropolitan Detroit and is about 20 miles northeast of downtown Ann Arbor. Farmington Hills is a great place to call home. Within city borders you’ll find quiet, comfortable neighborhoods, top-notch schools, more than 600 acres of public parks, and exceptional cultural and recreational programs for youth, seniors, and all ages in between. Farmington Hills consistently ranks as one of the safest cities in the United States, as well as in the state of Michigan. In 2010, the area ranked as the 30th safest city in the U.S. Farmington Hills also ranks as the 36th highest-income place in the United States with a population of 50,000 or more and ranks as 14th America's best cities to live by 24/7 Wall St
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Location

  • City Farmington Hills, MI
  • Neighborhood Farmington Hills
  • Zip Code 48334
  • Market Detroit

Contacts

broker

Dante Hargis

Encore Real Estate Investment Services

(248) 702-0289

Highlights

  • Relocation CVS Pharmacy - 13,210 SF Prototype w/ Double Drive-Thru
  • Twenty Five Year Ground Lease - Zero Landlord Responsibilities
  • Five Percent Rent Increases Every Five Years In Option Periods
  • 14 Years Remaining In Initial Lease Term w/ (4) Five Year Options
  • Corporate CVS Guaranty | NYSE: CVS | S&P Rated - BBB+ Investment Grade
  • Excellent Visibility On Signalized Hard Corner w/ Over 52,000 VPD
  • Strong Demographics & Population Growth - Oakland County Is the Wealthiest County In MI
  • Average Household Income Three Mile Radius Exceeds $118,000
  • Excellent Retail Corridor | Surrounded by Both Office and Variety of Regional and National RetailTenants

Contact Listing Broker

broker

Dante Hargis

Encore Real Estate Investment Services

(248) 702-0289

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