







Single-Tenant Retail
CVS | 10YR NNN Ground Lease
29425 Orchard Lake Rd, Farmington Hills, MI
Listing Price: $5,622,050
Click To Access Offering Memorandum- Cap Rate6.35%
- Building SF13,210 SF
- Price/SF$425.59
- Year Built / Renovated2008
Investment Highlights
- NNN Ground Lease CVS
Zero Landlord Responsibility - 10 Years Lease Term Remaining
(5) 5-Year Options
5% Rent Increases at the Beginning of Each Option - Top 30% Placer.ai Ranking Nationally & Top 25% in Michigan
- Recently Added Liquor Sales at this Location
- High Visibility at Hard Signalized Corner of Orchard Lake Road & 13 Mile Road (46,930 VPD Combined)
- Quick Access to Major Highways
1 Mile North of I-696 (130,908 VPD) - Surrounded by Residential Communities
- First Freestanding Major Pharmacy Coming from I-696
Convenient Location for Local Residents - Near North Farmington High School (1,268 Students)
- Strong Retail Market: 11.4 Million SF of Retail within a 5-Mile Radius (91.9% Occupancy Rate)
- Nearby Large Retailers: Whole Foods, Home Depot, Sacks OFF 5th, TJ Maxx, Marshalls, HomeGoods, Burlington, Kohl’s, & Many Others
- Numerous Medical Offices Nearby:
402,000 SF of Medical Office Space within a 1-Mile Radius
219,000 SF of Medical Office Space between 12 Mile Road & 13 Mile Road - Proximity to Major Hospitals:
Henry Ford West Bloomfield Hospital (4.6 Miles Away) | 191-Bed, All Private Room Facility | Level III Trauma Center
Corewell Health Farmington Hills (6.2 Miles Away) | 305-Bed Teaching Hospital | Level II Trauma Center - Affluent Demographics:
178,194 Residents & $131,157 Average Household Income within a 5-Mile Radius | Daytime Population: 205,307 - Oakland County (AAA Bond Rating) is the 9th Wealthiest County in the U.S.
MICHIGAN BROKER OF RECORD: STEVEN R. CHABEN | 2 TOWNE SQUARE, SUITE 450, SOUTHFIELD, MI | 248.415.2600 | LIC: MI 6502387903