Former CVS For Lease or For Sale

Highlights:

• Asking Rent: $12.00 PSF + NNN
• 10,878 SF Free-Standing Building | 1.54 AC Lot
• Anchored by Little Ceasar's Pizza, Starbucks, and Riki Sushi
• On the Hard Corner Intersection of Novi Road and W 14 Mile Road | Averages a Combined 21,100+ Vehicles Per Day
• Prime Location in Novi, MI | 2.4 Miles from Twelve Oaks Mall & West Oaks Shopping Center | Nordstrom Rack, Macy's, Dick's Sporting Goods, and Many More National Retailers
• Spacious Layout | Multiple Curb Cuts

Description:

Introducing a prime investment opportunity in Novi, MI! This 10,878 SF free-standing building, built in 1999, offers a compelling proposition for retail investors. Boasting 1 unit, this property presents a versatile space for a range of retail ventures. Its contemporary construction and spacious layout make it an attractive prospect for a discerning investor seeking a solid commercial asset. With its prime location in the Novi area, this property offers an exceptional opportunity to capitalize on the thriving retail market in the region. Don't miss out on the chance to acquire this coveted space with immense potential for retail success.

Novi is a city in Oakland County in the state of Michigan. It is a northern suburb of Metro Detroit, located about 28 miles northwest of the city of Detroit and about 25 miles northeast of Ann Arbor. The city's location provides direct access to several major freeways including I-96, I-696, I-275, and M-5.

Novi has been growing rapidly since the 1950s and continues to be one of the fastest-growing cities in Michigan. This growth has led to increases in the city's population, as well as commercial and industrial developments in the city. Novi's economy includes international corporations with local and regional offices as well as owner-operated businesses serving the local area. The city's industrial and office parks are home to companies in high-tech research and development, health care, transportation and logistics, manufacturing, and domestic and foreign automotive-related suppliers. Energy-related companies are one of the fastest-growing sectors in the city. These companies include the headquarters for ITC Transmission, Novi Energy, and the offices of Patrick Energy Services.

Novi ranks among the top Oakland County communities for research, technology, and service companies. Ryder System Inc. constructed a new regional headquarters, representing a $22 million investment in the community. ITC Transmission Company, the nation's largest independent electrical transmission company, made Novi its national headquarters. In 2008, St. John Providence Park opened a 200-bed hospital on a 200-acre total, health campus. Over the last few years, Novi has focused its economic development efforts on the telematics and car connectivity industries. Within the telematics industry, more than 5,000 firms employ approximately 70,000 people in Oakland County, many of them employed in Novi. Those firms in Novi include Cooper-Standard Automotive, NXP, Elektrobit, and Harman/Becker Automotive.