360 Martin Luther King Jr Blvd N Pontiac, MI
Call to check price and availability
Retail property with absolute NNN lease and zero landlord responsibilities.
Type:RETAIL
Property size:
11,207 SFLot size:
1.85 AcresPrice / SF:
$232/SF- Added:
- Apr 17, 2023
- Days on Market:
- 1117
- Last Refresh:
- Apr 5 at 10:08 pm
Property Features for 360 Martin Luther King Jr Blvd N
General Information
- Standard status
- Active
- Size
- 11,207 SF
- Lot size
- 1.85 Acres
- Property subtype
- RETAIL
Listing agent Brandon Hanna (248) 702-0280
Listing office Encore Real Estate Investment Services (248) 702-0280
Listing date Apr 17, 2023
Source Moodyscre
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 Encore Real Estate Investment Services
HighLights
- 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
- Excellent Visibility with Frontage and Signage Along Martin Luther King Jr Blvd and University Drive with High Traffic Counts
- NYSE: RAD | Third Largest Drugstore Chain in the U.S. with Over 2,245 Locations
- Easily Accessible with Multiple Points of Access and Signalized Intersections
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Olaolu A. Akinbiyi, BPharm
Pharmacy
Ryan P. Browne, ...
Pharmacy
higi
Physician
Rite Aid Photo
(Bike/Boat/Book/etc) Store
Rite Aid #04301
Medical Laboratory
Similar Places Nearby
- Action Drugs — 640 Auburn Ave # B, Pontiac, MI 48342
- Hershel B. Cohen, RPH — 640 Auburn Ave, Pontiac, MI 48342
- Rite Aid Pharmacy — 360 N Ml, Martin Luther King Jr Blvd N, Pontiac, MI 48342
- TheraMatrix Physical Therapy Network (TPTN) — 900 Auburn Ave, Pontiac, MI 48342
- KTruese — Pontiac, MI 48342
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2702
- Latitude
- 42.6484
Nearby Similar for Sale
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
