Single-Tenant Net Leased Retail
22740 Woodward Avenue Ferndale, MI 48220
22740 Woodward Avenue, Ferndale, MI, 48220
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For Sale
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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 Market57
Property Features for 22740 Woodward Avenue
General Information
- Standard status
- Active
- Size
- 3,100 SF
- Property subtype
- Retail
Listing agency
Fortis Net Lease
Listed by
Doug Passon · License #MI 6502361821
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 12:08PM
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
Location Intelligence
Current Use by Public Records
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FAQs
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 Avenue 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
