Single-Tenant Net Leased Retail
For Sale
$1,500,000
22740 Woodward Ave, Ferndale, MI 48220
Net-leased retail building with direct Woodward Avenue frontage for a hands-off ownership profile under NNN terms.
Property Size3,100 SF
Price / SF$483.87
Days on Market97
Property Features for 22740 Woodward Ave
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Retail
Zoning
CBD
Additional Details
Road Access
Yes
Building Details
Building Size
3,100 SF
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Doug Passon · License #6502361821
(248) 254-3407
Source:
Cpix.resimplifi
Added: Jun 1
Changed: Sep 3
Last Checked: Sep 5 at 3:49AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Fortis Net Lease presents a single-tenant net leased “Barrel House” retail property available for purchase. The building is approximately 3,100 square feet and is leased on an NNN basis, which is intended to minimize landlord responsibilities. The lease also includes two separate five-year renewal options, offering additional timeline flexibility for both tenant and ownership.
The property is positioned along the Woodward Avenue corridor in Ferndale, with direct frontage on this major regional connector. The surrounding area is described as a dense mix of national retailers, local businesses, restaurants, and residential neighborhoods. The offering notes proximity to downtown Detroit, with the property presented as just minutes from the city.
This is a practical fit for investors and other ownership groups seeking a single-tenant retail asset structured as NNN. With the lease carrying renewal options, ownership can better align future planning with the tenant’s extended occupancy path. For operators evaluating a retail location tied to Woodward Avenue’s established retail and dining environment, the tenancy structure and renewal terms are key considerations.
The property is positioned along the Woodward Avenue corridor in Ferndale, with direct frontage on this major regional connector. The surrounding area is described as a dense mix of national retailers, local businesses, restaurants, and residential neighborhoods. The offering notes proximity to downtown Detroit, with the property presented as just minutes from the city.
This is a practical fit for investors and other ownership groups seeking a single-tenant retail asset structured as NNN. With the lease carrying renewal options, ownership can better align future planning with the tenant’s extended occupancy path. For operators evaluating a retail location tied to Woodward Avenue’s established retail and dining environment, the tenancy structure and renewal terms are key considerations.
Key Highlights
- Single‑tenant net leased Barrel House property at 22740 Woodward Avenue in Ferndale
- Approximately 3,100 SF retail building leased on a NNN basis
- Direct frontage along Woodward Avenue, a major Metro Detroit commercial corridor
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,566
Businesses Nearby
160k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 19%
Electronics 4%
Beauty & Spa 4%
McDonald's
Dining
22,302 visits/mo
0.1 miles
Wendy's
Dining
20,467 visits/mo
0.1 miles
Pizza Hut
Dining
13,458 visits/mo
0.3 miles
Taco Bell
Dining
10,104 visits/mo
0.5 miles
Mobil
Shops & Services
9,934 visits/mo
0.1 miles
Demographics for 48220, MI
21,564
Population
12,003
Households
1.8
Avg Household Size
37
Median Age
53%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,901
Density / Sq Mi
$86,095
Median Household Income
$54,557
Median Earnings
$1,191
Median Rent
$229,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Net-leased retail building with direct Woodward Avenue frontage for a hands-off ownership profile under NNN terms.
Where is this nnn property located?
The property is located at 22740 Woodward Ave Ferndale, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Single‑tenant net leased Barrel House property at 22740 Woodward Avenue in Ferndale; Approximately 3,100 SF retail building leased on a NNN basis; Direct frontage along Woodward Avenue, a major Metro Detroit commercial corridor
