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Vacant CVS W/ 2+ Years of NNN Rent 1156 W Huron St

10,922 SF Retail Building Waterford, MI 48328 $1,748,400 ($160/SF) 9.80% Cap Rate

Drug Stores Michigan Waterford 1156 W Huron St, Waterford, MI 48328

Investment Highlights

  • 10,922 SF Single Tenant Free Standing Building Situated on 1.16 Acres In Waterford, MI
  • Can Be Delivered Free & Clear of Lease For Immediate Occupancy
  • Strong Traffic Counts | 18,000+ Vehicles Per Day On W Huron
  • CVS Has Vacated Location - Lease Obligation Runs Until March 2027
  • Absolute "NNN" Net Lease - No Landlord Responsibilities
  • Located Less Than 3/4 Mile From A Brand New 75,000 SF DTE Customer Service Center Employing 200 Workers

Executive Summary

10,922 SF Single Tenant Free Standing Building Situated on 1.16 Acres In Waterford, MI
CVS Has Vacated Location - Lease Obligation Runs Until March 2027
Can Be Delivered Free & Clear of Lease For Immediate Occupancy OR Attractive Opportunity To Collect Remaining Rent While Working to Re-Tenant Property
Absolute "NNN" Net Lease - No Landlord Responsibilities
Dense Demographics | 161,000+ Residents Within 5 Miles
Strong Tra?c Counts | 18,000+ Vehicles Per Day On W Huron
Located Less Than 3/4 Mile From A Brand New 75,000 SF DTE Customer Service Center Employing 200 Workers

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,922 SF
Building Class
B
Year Built
1995
Price
$1,748,400
Price Per SF
$160
Cap Rate
9.80%
NOI
$171,343
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Land Acres
1.11 AC
Zoning
C2 - Commercial
Parking
45 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
179 FT on Huron St

Amenities

  • Signage

Links

1 of 1
1156 W Huron St, Waterford, MI - aerial map view
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-25-451-034
  • 13-25-451-035
  • 13-25-451-022
  • 13-25-451-023
 Improvements Assessment $0
Land Assessment $0 Total Assessment $623,020

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-25-451-034
  • 13-25-451-035
  • 13-25-451-022
  • 13-25-451-023
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$623,020
(248) 702-0288

  • Listing ID: 33598562

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 1156 W Huron St, Waterford, MI 48328

More public record information on 1156 W Huron St, Waterford, MI 48328

The Retail Property at 1156 W Huron St, Waterford, MI 48328 is currently available For Sale. Contact Encore Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1156 W Huron St, Waterford, MI for sale Building Photo- Image 1 of 3
Former CVS - Waterford
1156 W Huron St, Waterford, MI for sale Aerial- Image 2 of 3
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Vacant CVS W/ 2+ Years of NNN Rent | 1156 W Huron St
(248) 702-0288 x

Vacant CVS W/ 2+ Years of NNN Rent | 1156 W Huron St

1/3

Deno Bistolarides

(248) 702-0288

(248) 702-0288

Dante Hargis

(248) 702-0289

(248) 702-0289

Brandon Hanna

(248) 702-0290

(248) 702-0290

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