CVS Drug
For Sale
Contact for pricing
Pending
36567 Goddard Road, Romulus, MI 48174
Occupied CVS location with approximately 10 years remaining on its initial lease term.
Property SizeContact for details
Days on Market145
Property Features for 36567 Goddard Road
General Information
Standard status
Pending
Property subtype
Retail
Financials
Asking Price
$1,914,293
Cap Rate
7.5%
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 4:15PM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
This CVS drug store in Romulus, Michigan is offered with approximately 10 years left on the initial lease term. The lease provides five (5-year) option periods, with the next option beginning in January 2028. Option periods include approximately five percent (5%) increases every five years. The property is to be delivered free and clear of debt.
Located at 36567 Goddard Road, the store sits in Romulus, a suburb of Detroit in Wayne County. Romulus is approximately 24 miles southwest of downtown Detroit and is described as part of the region’s distribution and transportation hub. Wayne County has approximately 4.3 million residents within the Detroit Metropolitan Statistical Area.
Located at 36567 Goddard Road, the store sits in Romulus, a suburb of Detroit in Wayne County. Romulus is approximately 24 miles southwest of downtown Detroit and is described as part of the region’s distribution and transportation hub. Wayne County has approximately 4.3 million residents within the Detroit Metropolitan Statistical Area.
Key Highlights
- CVS drug store in Romulus, Michigan
- Approximately 10 years remaining on the initial lease term
- Five (5‑year) options to follow
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48174, MI
33,683
Population
13,124
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
89%
High-School Grad
40.8 sq mi
ZIP Area
826
Density / Sq Mi
$65,675
Median Household Income
$41,186
Median Earnings
$1,053
Median Rent
$151,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drug store - Occupied CVS location with approximately 10 years remaining on its initial lease term.
Where is this drug store located?
The property is located at 36567 Goddard Road Romulus, MI.
What are key features of this property?
This property features: CVS drug store in Romulus, Michigan; Approximately 10 years remaining on the initial lease term; Five (5‑year) options to follow
