Former CVS - High Visibility Retail Redevelopment Opportunity

Investment Overview

Investment Highlights

• CVS Lease Terminated – Space “Ready to Go” – Former CVS location offering approximately 10,987 SF of existing retail space, providing an immediate opportunity for a new owner or user to reposition and occupy the property.
• RARE Telegraph & Grand River Detroit Retail Opportunity
• R1 Zoning | Pharmacy Use Still Available – Property is currently designated R1 zoning; prospective purchasers should verify permitted and conditional uses with the City of Detroit. Pharmacy use still available.
• High-Visibility Signalized Intersection – Strategically positioned at Telegraph Road and Grand River Avenue with traffic counts of approximately 82,606+ VPD along Telegraph Road and 23,789+ VPD along Grand River Avenue, providing excellent exposure and accessibility.
• Dense Surrounding Population – Located within a heavily populated trade area with approximately 107,430 residents within 3 miles and 293,522 residents within 5 miles, offering a substantial customer base for future retail or service-oriented users.
• Strong National Retail Presence – Located along an established commercial corridor surrounded by numerous national and regional retailers, including Aldi, T-Mobile, Advance Auto Parts, Fifth Third Bank, Dairy Queen, Dollar General, Ace Hardware, BP, Marathon, and Sunoco, reinforcing the site’s retail positioning and consumer draw.