Vacant CVS w/ 2+ Years of "NNN" Rent

Highlights:

• 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 Traffic 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

Description:

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Waterford is in the geographic center of Oakland County, Michigan, and is located about 35 miles north of Detroit, Michigan's largest city. Waterford has an estimated population of 72,166. With 32 lakes and streams throughout the community, there is plenty of opportunity for a diverse array of water sports activities (fishing, canoeing, skiing, tubing, sailing, and more). The parks, lakes, and streams also provide great winter fun. Snowmobiling, ice skating, and cross-country skiing keep visitors entertained.

Oakland County is a county in the state of Michigan. It is part of the metropolitan Detroit area, located northwest of the city. As of the 2020 Census, its population was 1,274,395, making it the second-most populous county in Michigan, behind neighboring Wayne County. The county was founded in 1819and organized in 1820. Oakland County is composed of 62 cities, townships, and villages, and is part of the Detroit-Warren-Dearborn, MI Metropolitan Statistical Area.

Oakland County is among the ten highest-income counties in the United States with a population of over one million people. The county's knowledge-based economic initiative, coined "Automation Alley", has developed one of the largest employment centers for engineering and related occupations in the United States. General Motors, Ford, and Chrysler are major employers within southeast Michigan and have a significant presence in Oakland County. It is also home to Oakland University, a large public institution that straddles the border between the cities of Auburn Hills and Rochester Hills.