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360 Martin Luther King Jr Blvd N Pontiac, MI 48342

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For Sale
$2,608,600

Retail property with absolute NNN lease and zero landlord responsibilities.

Property size:
11,207 SF
Lot size:
1.85 Acres

Property Features for 360 Martin Luther King Jr Blvd N

General Information

Size
11,207 SF
Lot size
1.85 Acres

Source: Encore Real Estate Investment Services Agent Brandon Hanna

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

NNN Lease Retail Property

This retail property features an absolute NNN lease with zero landlord responsibilities and approximately 11 years remaining in the term, along with nine, 5-year options. The lease includes rent increases of 5% in years 6 and 11, and in each option period. The property benefits from excellent visibility with frontage and signage along Martin Luther King Jr Blvd, where traffic counts exceed 40,900 vehicles per day, and University Drive, with traffic counts over 21,500 vehicles per day. It is easily accessible via multiple points of access along Martin Luther King Jr Blvd, University Drive, and Featherstone Street. The location is strategically positioned with signalized intersections on two corners of the property. The property is located approximately 27 miles from the Detroit City Airport. The property features a drive-thru and ample parking. The property size is 11,207 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Olaolu A. Akinbiyi, BPharm Pharmacy Ryan P. Browne, ... Pharmacy higi Health Consultant Rite Aid Photo Photo Lab Rite Aid #04301 Medical Laboratory

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Rite Aid Pharmacy, Neil L. Brown, RPh, Olaolu A. Akinbiyi, BPharm, Ryan P. Browne, PharmD, KINGS MEDICAL PHARMACY

Location Insight

  • Map
  • Local Demand
City
Pontiac
County
Oakland
State
Michigan
Longitude
-83.270163
Latitude
42.6484024

FAQs

What type of property is this?
Drug store - Retail property with absolute NNN lease and zero landlord responsibilities.
Where is this drug store located?
The property is located at 360 Martin Luther King Jr Blvd N Pontiac, MI.
What is the asking price?
The asking price for this property is $2,608,600.
What are key features of this property?
This property features: - Absolute NNN Lease with Zero Landlord Responsibilities; - 11 Years Remaining in Term with Nine, 5-Year Options; - Lease Supports Rent Increases of 5% in Years 6 and 11, and in Each Option
More about this property
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