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925.263.2088 | 925.263.2089
415.385.7381
Rite Aid / Major Metro
Detroit, MI
13939 Livernois Ave Detroit , MI 48238

Price: $1,898,000
CAP (%): 7.38
NOI: $140,000
Building Size: 11,520 Sqft
Lot Size: 1.23 Acres
Lease Commencement: 1990
Status: Active

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Highlights

  • Tenant at this same location since 1990 ! Exercised 2 extensions for total of 11 yrs!
  • High density Detroit MSA with population of 443,000+ within 5 miles.
  • Strong store sales: 2011 = $ 3.6+ mil, 2012 = $ 3.7+ mil, 2013 = $3.4+ mil
  • Signalized corner location with two lanes of traffic in both directions.
  • Extra large parking lot space may be buildable with approx. add'l 6,000 sf building.



Contact

LemRx Realty Advisors:
Dan Lem
dan@lemrx.com
Mobile: 415.385.7381

Direct:
925.263.2088 | 925.263.2089

EFAX: 415.723.7463

Office Address:
9000 Crow Canyon Rd. Ste. S-285 Blackhawk, CA 94506