Drug Store with
For Sale
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360 Martin Luther King Jr Blvd N, Pontiac, MI 48342
Absolute NNN drugstore with ample parking and prominent signage along MLK Jr Blvd and University Drive.
Property Size11,207 SF
Days on Market51
Property Features for 360 Martin Luther King Jr Blvd N
General Information
Standard status
Active
Size
11,207 SF
Property subtype
Retail - Freestanding
Additional Details
Road Access
Yes
Amenities
drive thru
signage
Building Details
Building Size
11,207 SF
Tenancy
Single
Listing Agency:
Keystone Commercial Real Estate
Listed By:
Gregory S. Newman
(248) 356-8000
Source:
Commercialcafe
Added: Jul 29
Changed: Sep 8
Last Checked: Sep 16 at 1:21PM
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 Keystone Commercial Real Estate
Investment Insights
Based on property information with market context.
This drugstore offering is structured as an absolute NNN lease with zero landlord responsibilities. The lease has 11 years remaining in the term, along with nine, 5-year options. Rent increases are supported by scheduled 5% increases in years 6 and 11, and in each option period.
The site is positioned for strong visibility, with frontage and signage along Martin Luther King Jr Blvd carrying traffic counts over 40,900 vehicles per day. University Drive also benefits from heavy traffic of over 21,500 vehicles per day. Access is convenient with multiple points along Martin Luther King Jr Blvd, University Drive, and Featherstone Street, and the property sits at signalized intersections on two corners.
The location includes a drive-thru and ample parking, supporting customer convenience and repeat visits. It is located 27 miles from the Detroit City Airport.
The site is positioned for strong visibility, with frontage and signage along Martin Luther King Jr Blvd carrying traffic counts over 40,900 vehicles per day. University Drive also benefits from heavy traffic of over 21,500 vehicles per day. Access is convenient with multiple points along Martin Luther King Jr Blvd, University Drive, and Featherstone Street, and the property sits at signalized intersections on two corners.
The location includes a drive-thru and ample parking, supporting customer convenience and repeat visits. It is located 27 miles from the Detroit City Airport.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities
- 11 years remaining in term plus nine, 5‑year options
- 5% rent increases in years 6 and 11, and in each option period
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48342, MI
18,685
Population
7,559
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
76%
High-School Grad
5.2 sq mi
ZIP Area
3,593
Density / Sq Mi
$33,750
Median Household Income
$29,970
Median Earnings
$851
Median Rent
$90,600
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- KTruese — Pontiac, MI 48342
- Rite Aid Pharmacy — 360 N Ml, Martin Luther King Jr Blvd N, Pontiac, MI 48342
- Ryan P. Browne, PharmD — 360 Martin Luther King Jr Blvd N, Pontiac, MI 48342
- Olaolu A. Akinbiyi, BPharm — 360 Martin Luther King Jr Blvd N, Pontiac, MI 48342
- KINGS MEDICAL PHARMACY — 681 University Dr, Pontiac, MI 48342
Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN drugstore with ample parking and prominent signage along MLK Jr Blvd and University Drive.
Where is this drug store located?
The property is located at 360 Martin Luther King Jr Blvd N Pontiac, MI.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities; 11 years remaining in term plus nine, 5‑year options; 5% rent increases in years 6 and 11, and in each option period
