NNN Leased Drugstore Retail
For Sale
Contact for pricing
20000 Grand River Ave, Detroit, MI 48219
Rite Aid is leased on an NNN basis within a 1996-built retail building on a 0.62-acre site.
Property Size13,064 SF
Lot Size0.62 Acres
Days on Market123
Property Features for 20000 Grand River Ave
General Information
Standard status
Active
Size
13,064 SF
Lot size
0.62 Acres
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
30,000 vehicles/day
Building Details
Year Built
1996
Tenancy
Single
Listing Agency:
The Jonna Group at Colliers International
(248) 226-1610
Listed By:
Simon Jonna · License #MI 6501357188
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 5:41AM
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 The Jonna Group at Colliers International
Investment Insights
Based on property information with market context.
Exclusively presented for sale, this NNN leased drugstore retail property is built in 1996 and currently occupied by Rite Aid under a sublease to Family Dollar. Rite Aid occupies the full 13,064 square feet of the building, and the corporate guaranteed lease includes five years remaining.
The 0.62-acre site is located at the highly trafficked intersection of Grand River Ave & Evergreen Road, with traffic counts reported over 24,000 vehicles per day.
The investment is structured with a corporate guaranteed lease and an NNN framework that, per the remarks, includes no landlord responsibilities.
The 0.62-acre site is located at the highly trafficked intersection of Grand River Ave & Evergreen Road, with traffic counts reported over 24,000 vehicles per day.
The investment is structured with a corporate guaranteed lease and an NNN framework that, per the remarks, includes no landlord responsibilities.
Key Highlights
- NNN leased retail property in a 1996‑built building; Rite Aid occupies 13,064 SF under a Family Dollar sublease.
- Rite Aid has five years remaining on their corporate guaranteed lease.
- 0.62‑acre site at the highly trafficked intersection of Grand River Ave & Evergreen Road (traffic count over 24,000 vehicles/day).
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
133k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 55%
Shops & Services 29%
Dining 12%
Apparel 3%
Meijer
Groceries
73,288 visits/mo
0.3 miles
Dollar Tree
Shops & Services
14,060 visits/mo
0.3 miles
Wendy's
Dining
12,475 visits/mo
0.3 miles
Meijer Gas Station
Shops & Services
9,012 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,719 visits/mo
0.3 miles
Demographics for 48219, MI
46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Grand River Pharmacy — 16432 Kentfield St, Detroit, MI 48219
- Rosedale Community Pharmacy — 19220 Grand River Ave, Detroit, MI 48223
- Monell Beauty — 15328 Plainview Ave, Detroit, MI 48223
- Jo Skin Soo Soft — 15508 Braile St, Detroit, MI 48223
- Detroit RX Pharmacy — 19268 Grand River Ave, Detroit, MI 48223
Frequently Asked Questions
What type of property is this?
Drug store - Rite Aid is leased on an NNN basis within a 1996-built retail building on a 0.62-acre site.
Where is this drug store located?
The property is located at 20000 Grand River Ave Detroit, MI.
What are key features of this property?
This property features: NNN leased retail property in a 1996‑built building; Rite Aid occupies 13,064 SF under a Family Dollar sublease.; Rite Aid has five years remaining on their corporate guaranteed lease.; 0.62‑acre site at the highly trafficked intersection of Grand River Ave & Evergreen Road (traffic count over 24,000 vehicles/day).
