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  1. Commercial Properties
  2. MI
  3. Pontiac
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For Sale

Rite Aid

360 N Martin Luther King Jr Blvd, Pontiac, MI 48342

Pontiac is a city in and the county seat of Oakland County in the state of Michigan. As of the 2020 census, the city had a total population of 61,606. A part of Metro Detroit, Pontiac is about 20 miles northwest of Detroit. The city is at the north end of the famous Woodward Avenue, which extends as a major boulevard into Detroit. It was originally lined with mansions and prestigious businesses. Pontiac participates in the annual Woodward Dream Cruise, an event celebrating Woodward's hot-rod history, with a parade of cars stretching from Detroit to Pontiac. Oakland County is part of the metropolitan Detroit area, located northwest of the city. As of the 2020 Census, its population was 1,274,395, making it the second-most populous county in Michigan, behind neighboring Wayne County. It is the largest county in the United States without a city of 100,000 residents. Oakland County is composed of 62 cities, townships, and villages, and is part of the Detroit–Warren–Dearborn, MI Metropolitan Statistical Area. The city of Detroit is in neighboring Wayne County, south of 8 Mile Road. In 2010, Oakland County was among the ten wealthiest counties in the United States to have over one million residents. It is also home to Oakland University, a large public institution that straddles the border between the cities of Auburn Hills and Rochester Hills. In 1999, Oakland County started the organization Automation Alley, a nonprofit business association for technology and manufacturing businesses in Southeast Michigan. The organization has since expanded into a state-wide, Industry 4.0 knowledge center and home to the World Economic Forum's US Centre for Advanced Manufacturing. Major employers include General Motors, Ford, and Chrysler, collectively known as the Big Three..

Key features

  • 11 Years Remaining in Term with Nine, 5-Year Options
  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Easily Accessible with Multiple Points of Access Along Martin Luther King Jr Blvd, University Drive and Featherstone Street
  • Excellent Visibility with Frontage and Signage Along Martin Luther King Jr Blvd with Traffic Counts Over 40,900 Vehicles Per Day and University Drive with Traffic Counts of Over 21,500 Vehicles Per Day
  • Lease Supports Rent Increases of 5% in Years 6 and 11, and in Each Option
  • Located 27 Miles From the Detroit City Airport
  • NYSE: RAD | Third Largest Drugstore Chain in the U.S. with Over 2,245 Locations
  • Strategically Positioned with Signalized Intersections on Two Corners of the Property
  • This Location Features a Drive Thru and Ample Parking
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

broker
Brandon Hanna

Encore Real Estate Investment Services

Building Details

  • For Sale $2,608,600
  • Property Type Retail - Street Retail
  • Property Size 11,207 SF
  • Lot Size 2.27 Acre
  • Year Built 1999
  • Date Updated Jul 20, 2026

Getting Around

  • Walk Score ®

    Somewhat Walkable (52)
  • Bike Score ®

    Bikeable (57)
Powered by Walk Score ®

Location

  • City Pontiac, MI
  • Zip Code 48342
  • Market Detroit
  • Map
  • Street

Points of Interest

Troy

8.36 miles

Marathon

0.75 miles

Sunoco

0.93 miles

Citgo

1.20 miles

Shell

1.26 miles

Speedway

1.57 miles

Auburn Hills, MI Supercharger

4.15 miles

Sun Country

4.16 miles

ChargePoint

8.05 miles

EVgo

8.83 miles

Pontiac School Bus Yard

1.73 miles

Lot 20

1.76 miles

Notre Dame Preparatory Marist Academy Parking Lot

1.79 miles

Deck 20/21

1.85 miles

Lot 22

1.92 miles

FCA Visitor Parking

2.02 miles

Lots 22A & 23A

2.05 miles

Lot 15 Student and Visitor Parking

2.10 miles

Lot 26

2.16 miles

Save-A-Lot

2.24 miles

Hollywood Markets

2.33 miles

Big Lots

2.69 miles

Forman Mills

2.70 miles

Bloomfield Town Square

3.03 miles

TJ Maxx

3.03 miles

ALDI

3.04 miles

Better Health Market & Cafe

3.09 miles

Meijer

3.29 miles

360 N Martin Luther King Jr Blvd Listing Summary

  • What is the asking price at Rite Aid?

    Rite Aid is currently listed for sale at Contact for pricing.

  • What is the total size of Rite Aid?

    Rite Aid has a total of 11,207 square feet.

  • What is the year built for Rite Aid?

    The year built for Rite Aid is 1999.

Contact Listing Broker
broker
Brandon Hanna

Encore Real Estate Investment Services

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