Rite Aid

For Sale

360 N Martin Luther King Jr Blvd, Pontiac, MI 48342

This Pontiac property for sale is located at 360 N Martin Luther King Jr Blvd. The current listed sale price for Rite Aid is $2,722,086. Rite Aid is situated on a lot that is 2.27 acre in size.

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Brandon Hanna

Encore Real Estate Investment Services

(248) 702-0290

Property Details

  • Property Type Retail - Street Retail
  • Property Size 11,207 SF
  • Lot Size 2.27 Acre
  • Year Built 1999
  • Date Updated May 12, 2023
Pontiac is a city in and the county seat of Oakland County in the state of Michigan. As of the 2020 census, the city had a total population of 61,606. A part of Metro Detroit, Pontiac is about 20 miles northwest of Detroit. The city is at the north end of the famous Woodward Avenue, which extends as a major boulevard into Detroit. It was originally lined with mansions and prestigious businesses. Pontiac participates in the annual Woodward Dream Cruise, an event celebrating Woodward's hot-rod history, with a parade of cars stretching from Detroit to Pontiac. Oakland County 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. It is the largest county in the United States without a city of 100,000 residents. 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. In 2010, Oakland County was among the ten wealthiest counties in the United States to have over one million residents. It is also home to Oakland University, a large public institution that straddles the border between the cities of Auburn Hills and Rochester Hills. In 1999, Oakland County started the organization Automation Alley, a nonprofit business association for technology and manufacturing businesses in Southeast Michigan. The organization has since expanded into a state-wide, Industry 4.0 knowledge center and home to the World Economic Forum's US Centre for Advanced Manufacturing. Major employers include General Motors, Ford, and Chrysler, collectively known as the Big Three.
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  • Absolute NNN Lease with Zero Landlord Responsibilities
  • New 15-Year Lease Term with Nine, 5-Year Options
  • Lease Supports Rent Increases of 5% in Years 6 and 11, and in Each Option
  • Excellent Visibility with Frontage and Signage Along Martin Luther King Jr Blvd with Traffic Counts Over 40,900 Vehicles Per Day and University Drive with Traffic Counts of Over 21,500 Vehicles Per Day
  • Easily Accessible with Multiple Points of Access Along Martin Luther King Jr Blvd, University Drive and Featherstone Street
  • Strategically Positioned with Signalized Intersections on Two Corners of the Property
  • NYSE: RAD | Third Largest Drugstore Chain in the U.S. with Over 2,245 Locations
  • This Location Features a Drive Thru and Ample Parking
  • Located 27 Miles From the Detroit City Airport

Getting around

  • 52/100

    Walk Score ®

  • 57/100

    Bike Score ®

Powered by Walk Score ®


  • City Pontiac, MI
  • Neighborhood Pontiac
  • Zip Code 48342
  • Market Detroit

Points of Interest

  • Pontiac

    1.57 miles

  • Troy

    8.36 miles

  • Mobil

    0.06 miles

  • Marathon

    0.75 miles

  • Mobil

    0.91 miles

  • Sunoco

    0.93 miles

  • Mobil

    1.13 miles

  • Mobil

    1.16 miles

  • Citgo

    1.20 miles

  • Shell

    1.26 miles

  • Speedway

    1.57 miles

  • Marathon

    1.59 miles

  • Phoenix Center

    1.42 miles

  • Pontiiac School Bus Yard

    1.74 miles

  • Lot 20

    1.76 miles

  • Notre Dame Preparatory Marist Academy Parking Lot

    1.79 miles

  • Deck 20/21

    1.85 miles

  • Lot 22

    1.92 miles

  • FCA Visitor Parking

    2.02 miles

  • Lots 22A & 23A

    2.05 miles

  • Lot 15 Student and Visitor Parking

    2.10 miles

  • Lot 26

    2.16 miles

  • White Castle

    0.09 miles

  • Albert's Coney Grill Restaurant

    1.20 miles

  • Burger King

    1.23 miles

  • Bobby Ray's Gourmet Submarines

    1.27 miles

  • Taco Bell

    1.45 miles

  • KFC

    1.46 miles

  • Wendy's

    1.48 miles

  • McDonald's

    1.60 miles

  • El Rincon Chilango

    1.61 miles

  • The HUB

    1.64 miles

  • Carnival Market

    2.18 miles

  • Save-A-Lot

    2.24 miles

  • Hollywood Markets

    2.33 miles

  • Big Lots

    2.69 miles

  • Forman Mills

    2.70 miles

  • Bloomfield Town Square

    3.03 miles

  • ALDI

    3.03 miles

  • TJ Maxx

    3.03 miles

  • Better Health Market & Cafe

    3.09 miles

  • Meijer

    3.29 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker


Brandon Hanna

Encore Real Estate Investment Services

(248) 702-0290