Building Details

Tenancy Single

Listing Agency: Fortis Net Lease r***@fortisnetlease.com Show Phone

Listed By: Doug Passon · License #MI 6502361821

Source: Crexi

Added: Apr 10 Changed: Aug 29 Last Checked: Aug 29 at 2:23PM

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Investment Insights

Based on property information with market context.

This NNN property is occupied by a Rite Aid pharmacy at 337 North State Road in Otisville, Michigan. The lease is structured as a 10 year NN lease with limited landlord responsibilities, specifically roof and structural maintenance. A corporate guarantee supports the lease, which was recently extended and is scheduled to expire on July 31, 2026. Six additional five-year options are included.

The property is positioned within a local retail area surrounded by Family Dollar, McDonald's, Subway, Dollar General, Huntington Bank, and Mobil. The surrounding trade area includes more than 79,000 residents within ten miles. Within five miles, median home value exceeds $137,000 and average household income exceeds $65,000.

Key Highlights

• Rite Aid pharmacy at 337 North State Road in Otisville, MI
• 10 year NN lease with expiration scheduled for July 31, 2026
• Corporate lease guarantee included

Property Analytics

Property Profile

Current Use

Rite Aid Pharmacy Pharmacy Rite Aid Pharmacy Western Union Bank Coinhub Bitcoin ATM ... Atm higi Physician

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Auto Repair Shop Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

126

Businesses Nearby

Explore this area Business Placement

Demographics for 48463, MI

4,423

Population

1,902

Households

2.3

Avg Household Size

49

Median Age

18%

College-Educated

89%

High-School Grad

33.3 sq mi

ZIP Area

133

Density / Sq Mi

$69,893

Median Household Income

$38,451

Median Earnings

$835

Median Rent

$179,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Pharmacy property with a corporate guarantee, six five-year options, and limited landlord obligations for roof and structural maintenance.

Where is this nnn property located?

The property is located at 337 North State Rd Otisville, MI.

What are key features of this property?

This property features: Rite Aid pharmacy at 337 North State Road in Otisville, MI; 10 year NN lease with expiration scheduled for July 31, 2026; Corporate lease guarantee included