Property profile

360 Martin Luther King Jr Blvd N Pontiac, MI 48342

FOR SALE
Retail Stores
Property ID
US43-0884555
11,008 SF Built 1999
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Property summary

AI-generated overview

The property is a retail building totaling approximately 11,207 square feet, configured with a drive-through and ample on-site parking. It has frontage and signage along Martin Luther King Jr Blvd and University Drive, with signalized intersections located on two corners of the property. Access is provided from multiple points along Martin Luther King Jr Blvd, University Drive, and Featherstone Street, and the site is positioned roughly 27 miles from Detroit City Airport. The property has been structured with an NNN-style lease framework, indicating responsibility for ongoing building operating expenses is assigned to the tenant side rather than the landlord, and is supported by a lease term history that includes nine, 5-year option periods.

Property profile

Verified
Property type Retail Stores
Year built 1999
Total area 11,008 SF
APN 64-14-28-229-006
UPID US43-0884555

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Pharmacy
  • Physician
  • (Bike/Boat/Book/etc) Store
  • Medical Laboratory

Location

360 Martin Luther King Jr Blvd N Pontiac, MI 48342
Pontiac metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2023
Last sale
$2.2M
2 recorded transactions
2023
Price N/A
2023
$2.2M
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More about this property
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