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    FOR SALE
    Drug stores

    13545 Eureka Rd, Southgate, MI 48195

    11,038 SF 1.17 ac lot Built 1999
    Entity Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-2131163
    Property summary
    AI-generated overview

    This 10,972 square foot former CVS pharmacy and storefront is available for sale or lease in Southgate, Michigan. Located at 13545 Eureka Rd, 48195, this single-tenant building sits on a 0.73-acre lot and was built in 1998. The property boasts a prime location as an outparcel to a thriving shopping center, ranking in the top 98th percentile nationwide for foot traffic. Eureka Road sees over 29,000 vehicles daily, and the surrounding Fort Street/Eureka Road/Dix-Toledo Road corridor sees over 109,000 vehicles daily. The property benefits from a strong demographic profile, with over 205,000 residents within a 5-mile radius and an average household income exceeding $62,400 within 1 mile. The property is currently 100% occupied, although the lease term is 0 years. The asking price is $2,050,000, and the lease type is NNN. The property features a drive-thru and is surrounded by numerous national tenants, including 7-Eleven, Chili's, Taco Bell, Buffalo Wild Wings, Logan's Roadhouse, Little Caesars, and Arby's. No credit rating is available for the tenant. This is a fantastic opportunity for investors or businesses seeking a high-traffic retail location in a densely populated area.

    Property profile
    Verified
    Property type Drug stores
    Use group DRUG STORE, PHARMACY
    Year built 1999
    Total area 11,038 SF
    Lot 1.17 ac (50,965 SF)
    Zoning code C-2 GEN BUS
    APN 53 019 08 0001 000
    UPID US43-2131163
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • CVS Photo (Bike/Boat/Book/etc) Store
    • CVS Pharmacy Pharmacy
    • Phantom Fireworks Tent Discount Store Party Supply Store
    • MoneyGram Bank Credit Union
    • Southgate Shopping Center Shopping Center & Mall
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.37M
    Blend (final) Blend
    $1.37M
    Owner & transaction history
    15300 Eureka LLC · 9 yrs held
    15300 Eureka LLC
    since 2017
    3 recorded transactions
    2017
    2013
    2011
    Zoning & alternative use
    C-2 GEN BUS · Southgate, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.2M +44.2%
    Restaurant $1.1M +36.0%
    Office building $1.1M +27.5%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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