CVS Pharmacy
$3,517,046
4101 Telegraph Road, Bloomfield Hills, MI 48302
For Sale
Retail
Active
Last Updated: 09/15/2025
6.5
Cap Rate
228,608
NOI
Details:
Cap Rate: 6.5%
NOI: $228,608
Building Size: 7,144 sqft
Lot Area: 0.48 acres
Occupancy: 100%
Lease Type: Absolute Net
Year Built: 1968
Tenancy: Single
Highlights:
- Pride of Ownership / Generational Bloomfield Hills Location
- High Reported Sales – Contact Broker
- New 10-Year Lease Extension Signed September 2025
- Absolute NNN Lease / NO LL Responsibilities
- $268,000 Average HH Income within 1 Mile Radius
- 168,000 Population within 5-Miles
Description:
Landmark Investment Sales is pleased to offer for sale a true pride-of-ownership CVS at the irreplaceable “Main & Main” corner of Telegraph Road and Long Lake Road in Bloomfield Hills, MI. Adjacent to a high-performing Kroger and surrounded by Class A retail in one of Metro Detroit’s most affluent areas, this generational asset benefits from average household incomes over $268,000 within one mile. CVS has operated here since 1992, recently executed a 10-year lease extension through 2037, and generates sales well above market averages. Backed by CVS Health’s investment-grade credit, this absolute NNN lease offers long-term stability with zero landlord responsibilities.
Documents:
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089i_CVS-Bloomfield_Hills__MI-OM.pdf
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Location
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