Offering Memorandum
Investment Sale
CVS Pharmacy
4101 Telegraph Rd
Bloomfield Hills, Michigan
Bloomfield Hills, Michigan
eCode:089i
Sales Price
$3,517,046
NOI
$228,608
Cap Rate
6.50%
Building Size
7,144 SF
Lot Size
0.48 AC
Year Built
1968
Anchor(s)
Kroger
Traffic Count
Telegraph Rd (65,219 CPD)
Long Lake Rd (20,237 CPD)
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
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 3,896 | 47,101 | 168,037 |
| Household Income | $268,326 | $242,785 | $191,005 |
| Daytime Pop | 2,738 | 28,838 | 108,245 |
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