Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MichiganRetail

Boulder Group sells CVS in Detroit

August 19, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

The Boulder Group completed the sale of a single tenant net-leased CVS property at 13580 Grand River Ave. in Detroit for $1.74 million.

The CVS Pharmacy property features a drive-thru and has excellent visibility at its hard corner location along Grand River Avenue. The property is immediately off of Interstate-96, which connects the property to downtown Detroit.

Retailers in the immediate area include McDonald’s, Sherwin-Williams, Advance Auto Parts and Family Dollar. The property is also located within close proximity to multiple residential communities, large industrial properties and schools. There are more than 411,000 people living within five miles of the property.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller. The seller was a Texas-based real estate company and the buyer was a private real estate investor based in New York.

CVS Pharmacy has about 15 years remaining on its lease that expires Oct. 31, 2033, and features six 5-year renewal option periods with 2.5 percent rental escalations in each option.

Tags
Boulder GroupDetroitMichiganretail
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisIndustrial

Cresa represents Partners Supply Chain Solutions in 50,007-square-foot warehouse lease

June 28, 2022
IllinoisIndustrial

Timber Hill Group sells 3.5-acre outdoor storage facility in Chicago to Zenith IOS

June 28, 2022
IllinoisMultifamily

One Oak Brook Commons achieves 50% leased

June 28, 2022
TexasOffice

Texas Tower signs five new office tenants, including Cheniere’s new 150,000-square-foot global headquarters

June 28, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com