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Property profile & analytics
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
$695k
Owner & transaction history
15300 Eureka LLC · 9 yrs held
15300 Eureka LLC
since 2017
3 recorded transactions
2017
Price N/A
2013
Price N/A
2011
Price N/A
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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