Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    360 Martin Luther King Jr Blvd N Pontiac, MI 48342

    Loading data...
    Loading data...
    Loading data...
    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

    Nearby Similar for Sale

    • $1,850,000
      1,500 SF

      M1 Concourse Rooftop Garage Unit

      Luxury garage condo with mezzanine, rooftop access, and track views.
      142 Pit Ln, Pontiac, MI 48341
      View Details
    • $1,399,000
      1,307 SF

      M1 Concourse Rooftop Garage Unit

      Garage unit with mezzanine, track views, and entertaining space.
      145 Pit Ln, Pontiac, MI 48341
      View Details
    • $489,000
      600 SF

      M1 Concourse Private Garage

      Automotive enthusiast's dream: garage, living space, track access.
      68 Pit Ln, Pontiac, MI 48341
      View Details
    • $475,000
      610 SF

      M1 Concourse Private Garage Unit

      Corner garage with track views, mezzanine, and full amenities.
      48 Pit Ln, Pontiac, MI 48341
      View Details
    • $969,000
      1,191 SF

      M1 Concourse Private Garage Unit

      Private garage unit with trackside patio in Pontiac, Michigan.
      161 W Speed Way, Pontiac, MI 48341
      View Details
    • $110,000
      0.14 Acres

      Pontiac Triplex Investment Opportunity

      Triplex in Pontiac, MI with income potential. Land contract available.
      323 Ferry Ave, Pontiac, MI 48341
      View Details

    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
    (248) 702-0280
    Request Owner's contact information
    360 Martin Luther King Jr Blvd N Pontiac, MI 48342
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    360 Martin Luther King Jr Blvd N
    Pontiac, MI 48342
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    360 Martin Luther King Jr Blvd N Pontiac, MI 48342
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.