Absolute NNN Pharmacy
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For Sale
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1229 South Parker Street, Marine City, MI 48039
CVS pharmacy investment with a recently extended absolute NNN lease and corporate guaranty.
Property SizeContact for details
Days on Market5
Property Features for 1229 South Parker Street
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License #GA 349355
(404) 504-7893
Source:
Crexi
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 13 at 5:07AM
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 CBRE - Atlanta
Investment Insights
Based on property information with market context.
This NNN property is occupied by a CVS pharmacy at 1229 South Parker Street in Marine City, Michigan. The lease has been recently extended and is structured as absolute NNN, with CVS Health Corporation serving as the corporate guarantor.
Marine City sits along the St. Clair River in the Detroit-Warren-Dearborn metropolitan area, approximately 39 miles northeast of Detroit near the U.S.-Canada border. The community is associated with riverfront recreation, boating, tourism, local businesses, festivals, and arts venues, while the broader metropolitan area provides access to southeastern Michigan’s automotive and logistics industries.
The property combines a pharmacy use with a corporate-backed absolute NNN lease structure in a riverfront Michigan community within the Detroit metropolitan region.
Marine City sits along the St. Clair River in the Detroit-Warren-Dearborn metropolitan area, approximately 39 miles northeast of Detroit near the U.S.-Canada border. The community is associated with riverfront recreation, boating, tourism, local businesses, festivals, and arts venues, while the broader metropolitan area provides access to southeastern Michigan’s automotive and logistics industries.
The property combines a pharmacy use with a corporate-backed absolute NNN lease structure in a riverfront Michigan community within the Detroit metropolitan region.
Key Highlights
- Recently extended absolute NNN lease
- Corporate guaranty from CVS Health Corporation
- CVS pharmacy at 1229 South Parker Street
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Dollar General
Shops & Services
5,544 visits/mo
0.1 miles
Sunoco
Shops & Services
3,659 visits/mo
0.5 miles
Jet's Pizza
Dining
1,344 visits/mo
0.1 miles
Demographics for 48039, MI
7,485
Population
3,701
Households
2
Avg Household Size
46
Median Age
20%
College-Educated
92%
High-School Grad
23.0 sq mi
ZIP Area
325
Density / Sq Mi
$76,304
Median Household Income
$42,715
Median Earnings
$879
Median Rent
$170,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - CVS pharmacy investment with a recently extended absolute NNN lease and corporate guaranty.
Where is this nnn property located?
The property is located at 1229 South Parker Street Marine City, MI.
What is the asking price?
The asking price for this property is $2,548,148.
What are key features of this property?
This property features: Recently extended absolute NNN lease; Corporate guaranty from CVS Health Corporation; CVS pharmacy at 1229 South Parker Street
