Map of Property

Rite Aid

337 North State Road, Otisville, MI 48463

  • For Sale Best Offer
  • Property Type Retail - Freestanding
  • Property Size 10,220 SF
  • Lot Size 3.71 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Date Updated Sep 30, 2024
Otisville offers a compelling mix of small-town charm and modern conveniences, making it an attractive location for investment. The property is conveniently located near developed subdivisions and major transportation routes, providing easy access for shoppers.Introducing a prime retail opportunity in the heart of Otisville, MI.Introducing a prime lease opportunity at 337 North State Road in Otisville, MI. This property offers a spacious, versatile layout perfect for a wide range of business needs. With ample parking and easy access, it provides convenience for both customers and employees. The modern facilities are designed to impress, boasting high ceilings and abundant natural light. Its prominent location makes it an ideal choice for businesses seeking visibility and a strong presence in the area. Don't miss the chance to make this well-appointed property the new home for your business.

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Attachments

Highlights

  • 8.25% CAP | 10,220 +/- SF Building | 3.71 Acres | Over 80 Parking Spaces
  • No Competition Nearby | Nearest Pharmacy is 10 Miles Away
  • NN Single Tenant | Landlord Responsible for Roof & Structure
  • Below Replacement Cost at $140 PSF
  • Tenant Pays Taxes, Insurance, & CAM Directly
  • Built 1994 | 2020 Renovation & New Roof with 25-Year Warranty
  • Base Rent: $117,753.30 Annual | $11.52 PSF
  • Below Market Rent Rates: $11.52
  • Renewal Terms: (6) 5-Year Terms at $130,837 | $12.80 PSF
  • Frontage: 250 +/- Ft. on N State Street
  • 3 Points of Ingress & Egress | N State Road & Beecher Street
  • $81k+ Avg. HHI in 5-Mile Radius

Contacts

broker

Simon Jonna

Colliers

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent

  • Bike Score ®

    43/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Otisville, MI
  • Neighborhood Otisville
  • Zip Code 48463
  • Market Detroit

Points of Interest

  • Mobil

    0.09 miles

  • Sunoco

    0.91 miles

  • Marathon

    4.43 miles

  • Beacon & Bridge Market

    4.83 miles

  • Admiral

    5.76 miles

  • Marathon

    5.79 miles

  • Marathon

    6.09 miles

  • Sunoco

    6.45 miles

  • Sunoco

    7.03 miles

  • BP

    7.10 miles

  • Canoe Launch

    3.98 miles

  • Boat Launch

    4.47 miles

  • Fishing Area Parking Lot

    5.24 miles

  • Equestrian Staging Area

    6.96 miles

  • Janior/Staff Parking

    9.97 miles

  • McDonald's

    0.09 miles

  • Subway

    0.18 miles

  • Tina's Pizza and Grill

    5.32 miles

  • Curley's Lakehouse Grill

    5.86 miles

  • McDonald's

    5.90 miles

  • Millington Inn

    7.80 miles

  • Subway

    8.23 miles

  • McDonald's

    8.30 miles

  • El Poteroq

    9.00 miles

  • Little Caesars

    9.10 miles

  • Danny's Market

    0.25 miles

  • Otter Lake Central

    4.42 miles

  • North Lake General Store

    6.71 miles

  • Simon's Our Family Grocer

    7.04 miles

  • Save-A-Lot

    9.07 miles

  • Kroger

    9.19 miles

  • VGs Food Center

    9.25 miles

  • Kroger

    9.99 miles

Frequently Asked Questions

How much does Rite Aid cost?

The sale price for Rite Aid is available upon request. Contact the listing broker for more information.

What is the total square footage of Rite Aid?

Rite Aid totals 10,220 square feet.

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Contact Listing Broker

broker

Simon Jonna

Colliers