7-Eleven

1040 W 9 Mile Rd, Ferndale, MI 48220

  • For Sale $1,050,000
  • Property Type Retail - Street Retail
  • Property Size 2,580 SF
  • Units 1
  • Lot Size 0.37 Acre
  • Additional Rent Contact for pricing
  • Year Built 1978
  • Date Updated Sep 7, 2024
The location of the property in Ferndale, MI offers a vibrant and diverse community with easy access to Detroit's thriving commercial market. Positioned near the lively Nine Mile Road, the area is home to a variety of retail, dining, and entertainment options, making it an attractive destination for businesses seeking a dynamic office environment. Nearby points of interest include the Detroit Institute of Arts, Comerica Park, and the historic Fox Theatre, all contributing to the area's appeal. With its strategic position and proximity to Detroit, the property presents an exciting investment opportunity for office building investors looking to tap into the energy of this bustling market.Discover an exceptional investment opportunity with this prime 2,580 SF building in Ferndale, MI. Boasting a desirable location in the Detroit area, this property features a single unit and presents the ideal setting for retail or street retail investors. Built in 1978 and zoned BI, the property offers a versatile space to capitalize on the dynamic commercial market. With its strategic positioning and ample potential, this property is perfectly suited to leverage the vibrant retail landscape in the area. Don't miss out on the chance to secure a valuable asset with endless possibilities in this thriving location.

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Highlights

  • Huge Increase Rent Potential at Renewal Options with no cap on CPI - Base CPI from 2019 minimum 21% increase plus Assuming a Conservative 2% annual CPI resulting in 34% Increase at next Renewal and 48% Increase in Last Renewal
  • Absolute NNN Lease w/ no Landlord Obligations
  • Investment Credit Corporate Guarantee by 7-Eleven holding an “A” Credit Rating with a $29 Billion Market Cap.
  • Low occupancy Cost & Low Rent to Sales Ratio
  • Traffic Counts Exceed 36,000+ Cars Per Day & Located at Signalized Intersection of W 9 Mile Road & Pinecrest Road
  • Downtown Ferndale Street Neighborhood Retail Location w/ Over 360,000+ Population in a 5 Mile Radius
  • Long Term Occupancy Since 2009 and Recent Lease Renewal

Contacts

broker

Noah Dalaly

Encore Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    87/100 Very Walkable

  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • City Ferndale, MI
  • Zip Code 48220
  • Market Detroit

Points of Interest

  • Royal Oak

    1.97 miles

  • CDM Transport LLC

    3.66 miles

  • Troy

    6.08 miles

  • Grand Boulevard

    7.28 miles

  • Baltimore Street

    7.43 miles

  • Detroit

    7.48 miles

  • Amsterdam Street

    7.62 miles

  • Ferry Street

    8.01 miles

  • Warren Avenue

    8.27 miles

  • Canfield Street

    8.67 miles

  • Citgo

    0.25 miles

  • Marathon

    0.59 miles

  • Ferndale Public Library

    0.73 miles

  • Mobil

    0.78 miles

  • Sunoco

    0.98 miles

  • Shell

    1.00 miles

  • BP

    1.07 miles

  • Tesla Supercharger

    1.85 miles

  • Blink

    5.00 miles

  • EV Charging LLC

    5.03 miles

  • US Post Office Parking lLot

    0.64 miles

  • Church parking lot

    0.75 miles

  • Lawrence C. Falvey Parking Lot

    0.76 miles

  • 10 Mile Parking Lot

    1.06 miles

  • Water Tower Parking Lot

    1.12 miles

  • Woodward Parking Lot

    1.16 miles

  • Lafayette Avenue Parking Structure

    1.91 miles

  • Farmer's Market Lot P11

    2.02 miles

  • Main North Garage

    2.11 miles

  • Student Parking

    3.01 miles

  • Taco Bell

    0.04 miles

  • Dairy Queen

    0.06 miles

  • Hong Kong 1

    0.16 miles

  • Papa Romano's Pizza

    0.17 miles

  • Red Olive Family Restaurants

    0.18 miles

  • The Blue Nile

    0.28 miles

  • Hungry Howie's

    0.40 miles

  • The Corner

    0.43 miles

  • Assaggi Bistro

    0.44 miles

  • Bangkok Cafe

    0.46 miles

  • Ferndale Foods

    0.28 miles

  • Western Market

    0.34 miles

  • Natural Food Patch

    0.55 miles

  • Organic Food & Vitamin Center

    0.59 miles

  • The Rust Belt Market

    0.61 miles

  • Aaron's

    0.75 miles

  • ALDI

    1.03 miles

  • Kroger

    1.17 miles

  • Holiday Market

    1.28 miles

  • Glory Supermarket

    1.67 miles

Frequently Asked Questions

How much does 7-Eleven cost?

The space currently listed for sale at 7-Eleven asks for $1,050,000.

What is the total square footage of 7-Eleven?

7-Eleven totals 2,580 square feet.

When was this property built?

7-Eleven was built in 1978.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Noah Dalaly

Encore Real Estate Investment Services