Drug Store with Double
For Sale
Contact for pricing
Pending
1186 Baldwin Ave, Pontiac, MI 48340
Freestanding pharmacy leased under an absolute NNN structure with a corporate guarantee and no landlord responsibilities.
Property Size14,564 SF
Days on Market43
Property Features for 1186 Baldwin Ave
General Information
Standard status
Pending
Size
14,564 SF
Property subtype
Retail
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Listing Agency:
Ludwig & Seeley Inc.
Listed By:
Richard Ludwig · License #MI 6502110967
Source:
Crexi
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 31 at 12:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ludwig & Seeley Inc.
Investment Insights
Based on property information with market context.
The 14,564 SF Rite Aid property includes a double drive-thru pharmacy and operates under a 20-year absolute NNN lease backed by a full corporate guarantee. A little over 10 years remain on the current term, followed by six 5-year renewal options. Rent increases apply in Option 1, beginning in the 21st year, and Option 3, beginning in the 31st year. The absolute NNN structure assigns zero landlord responsibilities and no expenses to the owner.
Located at the southeast corner of Columbia Ave and Baldwin Ave in Pontiac, MI, the property records average daily traffic of 18,000 vehicles on one roadway and 9,000 on the other. Nearby businesses include Family Dollar, Chase Bank, Little Caesar's Pizza, and Sav-A-Lot Supermarket. The site is also adjacent to the GM Pontiac Stamping plant and the United States Postal Service Michigan Metroplex Distribution facility.
Located at the southeast corner of Columbia Ave and Baldwin Ave in Pontiac, MI, the property records average daily traffic of 18,000 vehicles on one roadway and 9,000 on the other. Nearby businesses include Family Dollar, Chase Bank, Little Caesar's Pizza, and Sav-A-Lot Supermarket. The site is also adjacent to the GM Pontiac Stamping plant and the United States Postal Service Michigan Metroplex Distribution facility.
Key Highlights
- 14,564 SF Rite Aid property with a double drive‑thru pharmacy
- 20‑year absolute NNN lease with a full corporate guarantee
- A little over 10 years remaining on the current lease term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48340, MI
26,039
Population
12,154
Households
2.1
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
7.7 sq mi
ZIP Area
3,382
Density / Sq Mi
$46,474
Median Household Income
$32,954
Median Earnings
$1,096
Median Rent
$105,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Sav-Plus Pharmacy — 775 Baldwin Ave, Pontiac, MI 48340
- Paul P. Petrucci, RPH — 1186 Baldwin Ave, Pontiac, MI 48340
- William Pinter — 1186 Baldwin Ave, Pontiac, MI 483402708
- Rite Aid Pharmacy — 1186 Baldwin Ave, Pontiac, MI 48340
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding pharmacy leased under an absolute NNN structure with a corporate guarantee and no landlord responsibilities.
Where is this drug store located?
The property is located at 1186 Baldwin Ave Pontiac, MI.
What are key features of this property?
This property features: 14,564 SF Rite Aid property with a double drive‑thru pharmacy; 20‑year absolute NNN lease with a full corporate guarantee; A little over 10 years remaining on the current lease term
