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Rite Aid - Unoccupied Rite Aid - Unoccupied Rite Aid - Unoccupied

Property Overview

Price/Rent PSF Inquire
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 11,180
Date Available 05/28/2019
Additional URL Link
Floors 1
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Description

Location
Livonia is the 9th largest City in Michigan, being approximately 15 miles northwest of downtown Detroit. The site borders the affluent community of Farmington Hills, and enjoys excellent hard corner exposure and visibility on Eight Mile Road, with ingress and egress on both Eight Mile Road and Merriman.
The immediate area surrounding the Property includes a diverse array of offices and industrial users that account for the highly concentrated employment density near the site. Additionally, the residential demographics, including a 272 unit apartment complex, make this one of the strongest suburban markets in Michigan. Livonia has approximately 100,000 people with a median age of 45 and household income of over $74,000. The property is in close proximity to Botsford General Hospital, a facility associated with an educational campus of Michigan State University.

Sale
An unoccupied Rite Aid Drug store location, the consolidation of drug stores has resulted in this site being excess. Rite Aid has enjoyed many successful years at this location. Herein lies an opportunity for re-tenanting/redevelopment of this prime, hard corner site at today's market rents.


Lease
Due to drug store consolidation, the lease for this well located Rite Aid will terminate effective 10-31-18.
Perfect retail location. The site enjoys a prime , highly visible, hard corner location with access from both 8 Mile Road and Merriman. The property is being offered for Lease.

Location

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