CVS Drug Store with Long
For Sale
Contact for pricing
Pending
444 Main Street, Belleville, MI 48111
Retail property occupied by a CVS store with renewal options and scheduled lease escalations.
Property SizeContact for details
Days on Market143
Property Features for 444 Main Street
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 4:08AM
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 drug store property is occupied by CVS under an initial lease term with approximately 10 years remaining. The agreement includes five additional five-year options, with the first option period beginning in January 2028. Option-period rent increases are approximately 5% every five years, and the property is to be delivered free and clear of debt.
The site is positioned along Belleville’s main thoroughfare on the south side of Belleville Lake, with residential neighborhoods surrounding the property. Belleville is approximately 29 miles southwest of downtown Detroit in Wayne County, within the Detroit Metropolitan Statistical Area. The offering reflects a 7.50 cap rate.
The site is positioned along Belleville’s main thoroughfare on the south side of Belleville Lake, with residential neighborhoods surrounding the property. Belleville is approximately 29 miles southwest of downtown Detroit in Wayne County, within the Detroit Metropolitan Statistical Area. The offering reflects a 7.50 cap rate.
Key Highlights
- CVS drug store with approximately 10 years remaining on the initial lease term
- Five 5‑year renewal options; the next option begins January 2028
- Approximately 5% rent increases every five years during option periods
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48111, MI
44,055
Population
19,406
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
92%
High-School Grad
66.9 sq mi
ZIP Area
659
Density / Sq Mi
$74,125
Median Household Income
$42,194
Median Earnings
$1,162
Median Rent
$239,400
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 - Retail property occupied by a CVS store with renewal options and scheduled lease escalations.
Where is this drug store located?
The property is located at 444 Main Street Belleville, MI.
What are key features of this property?
This property features: CVS drug store with approximately 10 years remaining on the initial lease term; Five 5‑year renewal options; the next option begins January 2028; Approximately 5% rent increases every five years during option periods
