- 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 Dec 10, 2024
Reach out to the broker for more info on lease terms and amenities
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
False
Contacts
Location
Getting Around
-
Walk Score ®
87/100 Very Walkable -
Bike Score ®
81/100 Very Bikeable
- City Ferndale, MI
- Zip Code 48220
- Market Detroit
Points of Interest
-
Royal Oak
1.97 miles
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CDM Transport LLC
3.66 miles
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Troy
6.08 miles
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Grand Boulevard
7.28 miles
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Baltimore Street
7.43 miles
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Detroit
7.48 miles
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Amsterdam Street
7.62 miles
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Ferry Street
8.01 miles
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Warren Avenue
8.27 miles
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Canfield Street
8.67 miles
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Citgo
0.25 miles
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Marathon
0.59 miles
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Ferndale Public Library
0.73 miles
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Mobil
0.78 miles
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Sunoco
0.98 miles
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Shell
1.00 miles
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BP
1.07 miles
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Tesla Supercharger
1.85 miles
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Blink
5.00 miles
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EV Charging LLC
5.03 miles
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US Post Office Parking lLot
0.64 miles
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Church parking lot
0.75 miles
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Lawrence C. Falvey Parking Lot
0.76 miles
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10 Mile Parking Lot
1.06 miles
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Water Tower Parking Lot
1.12 miles
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Woodward Parking Lot
1.16 miles
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Lafayette Avenue Parking Structure
1.91 miles
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Farmer's Market Lot P11
2.02 miles
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Main North Garage
2.11 miles
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Student Parking
3.01 miles
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Taco Bell
0.04 miles
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Dairy Queen
0.06 miles
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Hong Kong 1
0.16 miles
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Papa Romano's Pizza
0.17 miles
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Red Olive Family Restaurants
0.18 miles
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The Blue Nile
0.28 miles
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Hungry Howie's
0.40 miles
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The Corner
0.43 miles
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Assaggi Bistro
0.44 miles
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Bangkok Cafe
0.46 miles
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Ferndale Foods
0.28 miles
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Western Market
0.34 miles
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Natural Food Patch
0.55 miles
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Organic Food & Vitamin Center
0.59 miles
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The Rust Belt Market
0.61 miles
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Aaron's
0.75 miles
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ALDI
1.03 miles
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Kroger
1.17 miles
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Holiday Market
1.28 miles
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Glory Supermarket
1.67 miles
Frequently Asked Questions
The space currently listed for sale at 7-Eleven asks for $1,050,000.
7-Eleven totals 2,580 square feet.
7-Eleven was built in 1978.
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Encore Real Estate Investment Services