Business For Sale · 1 mi radius 3 mi radius 5 mi radius Population Estimated Population (2016)...

Property Summary:

• Great opportunity to own a newer pharmacy with a loyal customer base.

• Located in office complex surrounded by medical offices and hospitals.

• Opened in November 2015 – up and running on all insurance panels with clean license.

Pharmacy in Macomb County 42621 Garfield Rd., Clinton Twp., MI

Business For Sale

Disclosure: We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease of financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You your tax and legal advisors should conduct your own investigation of the property and transaction.

Locations Commercial Real Estate Services32000 Northwestern Highway, Ste. 275Farmington Hills, MI 48334Office: (248) 516-7777

Contacts: Nadir JiddouCell: [email protected]

• Must have a licensed Pharmacist to operate the business.

• Current owners will train for 2 weeks at no additional cost.

• Asking: $120,000

Pharmacy42621 Garfield Rd. Clinton Twp., MI

Property Details

• Great opportunity to own a newer pharmacy with a loyal customer base

• Located in office complex surrounded by medical offices and hospitals.

• Opened in November 2015 – up and running on all insurance panels with clean license.

• Current owners built a base of approximately 500 prescriptions a month and have maintained this number over the past 8 months, with no marketing.

• With aggressive marketing, new owner could easily increase sales.

• Currently owned/operated by three pharmacists, each working part time. An owner-operator will make a great living.

• Gross Revenue: $447,945

• Must have a licensed Pharmacist to operate the business.

• Current owners will train for 2 weeks at no additional cost.

• Approx. $15k in furniture, fixtures and equipment included.

• Traffic Count: 30,000 ADT

• Asking: $120,000


Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 1 of 5©2016, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.6102/-82.9541RF5

1 mi radius 3 mi radius 5 mi radius

PopulationEstimated Population (2016) 14,812 108,030 270,345Projected Population (2021) 15,039 109,842 275,131Census Population (2010) 14,207 103,810 257,884Census Population (2000) 12,514 97,348 236,829Projected Annual Growth (2016 to 2021) 227 0.3% 1,812 0.3% 4,786 0.4%

Historical Annual Growth (2010 to 2016) 605 0.7% 4,220 0.7% 12,460 0.8%

Historical Annual Growth (2000 to 2010) 1,693 1.4% 6,462 0.7% 21,055 0.9%

Estimated Population Density (2016) 4,717 psm 3,822 psm 3,444 psm

Trade Area Size 3.14 sq mi 28.26 sq mi 78.51 sq mi

HouseholdsEstimated Households (2016) 7,533 45,530 110,792Projected Households (2021) 7,818 47,277 115,106Census Households (2010) 7,046 42,575 103,240Census Households (2000) 6,017 37,817 93,158Estimated Households with Children (2016) 1,404 18.6% 12,180 26.8% 31,777 28.7%

Estimated Average Household Size (2016) 1.97 2.35 2.41

Average Household IncomeEstimated Average Household Income (2016) $65,385 $77,257 $75,190Projected Average Household Income (2021) $75,252 $92,296 $88,449

Estimated Average Family Income (2016) $81,983 $94,364 $91,595

Median Household IncomeEstimated Median Household Income (2016) $54,165 $65,439 $63,748Projected Median Household Income (2021) $59,374 $71,980 $70,284

Estimated Median Family Income (2016) $69,984 $82,710 $79,889

Per Capita IncomeEstimated Per Capita Income (2016) $33,256 $32,651 $30,930Projected Per Capita Income (2021) $39,117 $39,814 $37,118Estimated Per Capita Income 5 Year Growth $5,861 17.6% $7,163 21.9% $6,188 20.0%

Estimated Average Household Net Worth (2016) $374,111 $501,874 $477,092

Daytime Demos (2016)Total Businesses 1,034 3,859 11,134Total Employees 9,491 41,459 125,763Company Headquarter Businesses 2 0.2% 6 0.2% 41 0.4%

Company Headquarter Employees 28 0.3% 153 0.4% 8,280 6.6%

Employee Population per Business 9.2 10.7 11.3Residential Population per Business 14.3 28.0 24.3



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Lat/Lon: 42.6102/-82.9541RF5


Race & EthnicityWhite (2016) 12,516 84.5% 92,017 85.2% 223,695 82.7%Black or African American (2016) 1,488 10.0% 9,231 8.5% 28,793 10.7%American Indian or Alaska Native (2016) 18 0.1% 230 0.2% 699 0.3%Asian (2016) 443 3.0% 3,720 3.4% 9,519 3.5%Hawaiian or Pacific Islander (2016) 1 - 18 - 55 - Other Race (2016) 63 0.4% 778 0.7% 1,895 0.7%Two or More Races (2016) 284 1.9% 2,037 1.9% 5,689 2.1%

Not Hispanic or Latino Population (2016) 14,512 98.0% 105,172 97.4% 263,102 97.3%Hispanic or Latino Population (2016) 300 2.0% 2,857 2.6% 7,243 2.7%Not Hispanic or Latino Population (2021) 14,625 97.2% 105,920 96.4% 265,239 96.4%Hispanic or Latino Population (2021) 415 2.8% 3,922 3.6% 9,892 3.6%Not Hispanic or Latino Population (2010) 13,973 98.4% 101,391 97.7% 251,753 97.6%Hispanic or Latino Population (2010) 234 1.6% 2,418 2.3% 6,131 2.4%Not Hispanic or Latino Population (2000) 12,324 98.5% 95,666 98.3% 232,948 98.4%Hispanic or Latino Population (2000) 189 1.5% 1,682 1.7% 3,882 1.6%Projected Hispanic Annual Growth (2016 to 2021) 115 7.6% 1,065 7.5% 2,648 7.3%Historic Hispanic Annual Growth (2000 to 2016) 111 3.7% 1,175 4.4% 3,362 5.4%

Age Distribution (2016)Age Under 5 706 4.8% 5,234 4.8% 14,255 5.3%Age 5 to 9 Years 562 3.8% 5,643 5.2% 15,276 5.7%Age 10 to 14 Years 639 4.3% 6,425 5.9% 16,578 6.1%Age 15 to 19 Years 685 4.6% 6,470 6.0% 16,451 6.1%Age 20 to 24 Years 916 6.2% 7,048 6.5% 16,988 6.3%Age 25 to 29 Years 1,111 7.5% 7,271 6.7% 17,433 6.4%Age 30 to 34 Years 979 6.6% 6,383 5.9% 16,030 5.9%Age 35 to 39 Years 835 5.6% 6,131 5.7% 16,236 6.0%Age 40 to 44 Years 776 5.2% 6,518 6.0% 17,206 6.4%Age 45 to 49 Years 880 5.9% 7,362 6.8% 18,685 6.9%Age 50 to 54 Years 1,025 6.9% 8,457 7.8% 20,274 7.5%Age 55 to 59 Years 1,195 8.1% 8,813 8.2% 20,591 7.6%Age 60 to 64 Years 1,191 8.0% 7,723 7.1% 18,582 6.9%Age 65 to 74 Years 1,575 10.6% 10,078 9.3% 25,850 9.6%Age 75 to 84 Years 1,053 7.1% 5,407 5.0% 12,923 4.8%Age 85 Years or Over 682 4.6% 3,067 2.8% 6,988 2.6%Median Age 45.0 42.1 41.3

Gender Age Distribution (2016)Female Population 8,106 54.7% 56,428 52.2% 139,695 51.7%

Age 0 to 19 Years 1,278 15.8% 11,547 20.5% 30,134 21.6%Age 20 to 64 Years 4,759 58.7% 33,953 60.2% 82,976 59.4%Age 65 Years or Over 2,069 25.5% 10,929 19.4% 26,585 19.0%

Female Median Age 48.0 43.9 43.0

Male Population 6,706 45.3% 51,602 47.8% 130,650 48.3%Age 0 to 19 Years 1,314 19.6% 12,225 23.7% 32,426 24.8%Age 20 to 64 Years 4,150 61.9% 31,753 61.5% 79,049 60.5%Age 65 Years or Over 1,241 18.5% 7,624 14.8% 19,175 14.7%

Male Median Age 42.0 40.3 39.5



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Lat/Lon: 42.6102/-82.9541RF5


Household Income Distribution (2016)HH Income $200,000 or More 165 2.2% 1,898 4.2% 4,469 4.0%HH Income $150,000 to $199,999 321 4.3% 2,923 6.4% 6,453 5.8%HH Income $100,000 to $149,999 1,000 13.3% 7,783 17.1% 17,872 16.1%HH Income $75,000 to $99,999 1,013 13.4% 6,337 13.9% 14,988 13.5%HH Income $50,000 to $74,999 1,559 20.7% 8,688 19.1% 20,976 18.9%HH Income $35,000 to $49,999 945 12.5% 5,619 12.3% 14,405 13.0%HH Income $25,000 to $34,999 942 12.5% 4,324 9.5% 10,927 9.9%HH Income $15,000 to $24,999 985 13.1% 4,358 9.6% 10,738 9.7%HH Income Under $15,000 604 8.0% 3,600 7.9% 9,964 9.0%

HH Income $35,000 or More 5,002 66.4% 33,248 73.0% 79,163 71.5%HH Income $75,000 or More 2,499 33.2% 18,941 41.6% 43,782 39.5%

Housing (2016)Total Housing Units 7,771 46,788 114,086Housing Units Occupied 7,533 96.9% 45,530 97.3% 110,792 97.1%

Housing Units Owner-Occupied 4,849 64.4% 33,528 73.6% 83,568 75.4%Housing Units, Renter-Occupied 2,685 35.6% 12,002 26.4% 27,224 24.6%

Housing Units, Vacant 237 3.1% 1,258 2.7% 3,294 2.9%

Marital Status (2016)Never Married 4,242 32.9% 27,228 30.0% 66,871 29.8%Currently Married 5,121 39.7% 45,420 50.1% 111,602 49.8%Separated 307 2.4% 2,448 2.7% 5,636 2.5%Widowed 1,315 10.2% 6,416 7.1% 15,653 7.0%Divorced 1,920 14.9% 9,216 10.2% 24,474 10.9%

Household Type (2016)Population Family 10,652 71.9% 88,259 81.7% 223,203 82.6%Population Non-Family 4,160 28.1% 18,800 17.4% 44,271 16.4%Population Group Quarters 1 - 971 0.9% 2,871 1.1%

Family Households 3,805 50.5% 29,078 63.9% 72,368 65.3%Non-Family Households 3,729 49.5% 16,452 36.1% 38,424 34.7%Married Couple with Children 873 17.1% 8,689 19.1% 22,138 19.8%Average Family Household Size 2.8 3.0 3.1

Household Size (2016)1 Person Households 3,336 44.3% 14,364 31.5% 33,402 30.1%2 Person Households 2,373 31.5% 14,878 32.7% 35,755 32.3%3 Person Households 902 12.0% 6,852 15.0% 17,005 15.3%4 Person Households 642 8.5% 5,928 13.0% 15,038 13.6%5 Person Households 209 2.8% 2,450 5.4% 6,577 5.9%6 or More Person Households 71 0.9% 1,057 2.3% 3,015 2.7%

Household Vehicles (2016)Households with 0 Vehicles Available 585 7.8% 2,644 5.8% 7,207 6.5%Households with 1 Vehicles Available 3,300 43.8% 15,659 34.4% 37,725 34.1%Households with 2 or More Vehicles Available 3,648 48.4% 27,227 59.8% 65,860 59.4%

Total Vehicles Available 11,990 82,905 200,734Average Vehicles Per Household 1.6 1.8 1.8



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Lat/Lon: 42.6102/-82.9541RF5


Labor Force (2016)Estimated Labor Population Age 16 Years or Over 12,770 89,391 220,817Estimated Civilian Employed 7,629 59.7% 56,720 63.5% 136,231 61.7%Estimated Civilian Unemployed 277 2.2% 2,066 2.3% 5,418 2.5%Estimated in Armed Forces - - 29 - 82 - Estimated Not in Labor Force 4,865 38.1% 30,576 34.2% 79,086 35.8%Unemployment Rate 2.2% 2.3% 2.5%

Occupation (2010)Occupation: Population Age 16 Years or Over 6,509 48,072 115,895Management, Business, Financial Operations 886 13.6% 7,123 14.8% 16,626 14.3%Professional, Related 1,556 23.9% 10,619 22.1% 24,656 21.3%Service 1,249 19.2% 8,543 17.8% 20,421 17.6%Sales, Office 1,797 27.6% 13,277 27.6% 32,146 27.7%Farming, Fishing, Forestry 8 0.1% 68 0.1% 188 0.2%Construct, Extraction, Maintenance 305 4.7% 2,695 5.6% 7,232 6.2%Production, Transport Material Moving 709 10.9% 5,746 12.0% 14,627 12.6%

White Collar Workers 4,239 65.1% 31,019 64.5% 73,427 63.4%Blue Collar Workers 2,270 34.9% 17,052 35.5% 42,467 36.6%

Consumer Expenditure (2016)Total Household Expenditure $394 M $2.68 B $6.38 B

Total Non-Retail Expenditure $213 M 53.9% $1.45 B 54.3% $3.46 B 54.3%Total Retail Expenditure $182 M 46.1% $1.22 B 45.7% $2.92 B 45.7%

Apparel $13.6 M 3.4% $93.2 M 3.5% $222 M 3.5%Contributions $16.3 M 4.1% $117 M 4.4% $276 M 4.3%Education $13.6 M 3.5% $98.6 M 3.7% $233 M 3.7%Entertainment $22.0 M 5.6% $150 M 5.6% $358 M 5.6%Food and Beverages $58.3 M 14.8% $391 M 14.6% $935 M 14.7%Furnishings and Equipment $13.4 M 3.4% $92.7 M 3.5% $220 M 3.4%Gifts $9.48 M 2.4% $66.8 M 2.5% $158 M 2.5%Health Care $32.6 M 8.3% $214 M 8.0% $510 M 8.0%Household Operations $10.8 M 2.7% $76.8 M 2.9% $182 M 2.9%Miscellaneous Expenses $5.95 M 1.5% $39.5 M 1.5% $94.1 M 1.5%Personal Care $5.13 M 1.3% $34.7 M 1.3% $82.7 M 1.3%Personal Insurance $2.80 M 0.7% $19.9 M 0.7% $47.2 M 0.7%Reading $882 K 0.2% $5.96 M 0.2% $14.2 M 0.2%Shelter $81.4 M 20.6% $553 M 20.7% $1.32 B 20.7%Tobacco $2.54 M 0.6% $16.1 M 0.6% $38.8 M 0.6%Transportation $75.4 M 19.1% $508 M 19.0% $1.21 B 19.0%Utilities $30.2 M 7.7% $199 M 7.4% $477 M 7.5%

Educational Attainment (2016)Adult Population Age 25 Years or Over 11,304 77,210 190,797Elementary (Grade Level 0 to 8) 232 2.0% 2,161 2.8% 6,340 3.3%Some High School (Grade Level 9 to 11) 700 6.2% 4,441 5.8% 11,769 6.2%High School Graduate 3,534 31.3% 21,978 28.5% 56,244 29.5%Some College 2,790 24.7% 18,984 24.6% 47,185 24.7%Associate Degree Only 1,318 11.7% 8,768 11.4% 20,997 11.0%Bachelor Degree Only 1,819 16.1% 13,289 17.2% 30,746 16.1%Graduate Degree 910 8.1% 7,590 9.8% 17,516 9.2%



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Lat/Lon: 42.6102/-82.9541RF5


Units In Structure (2010)1 Detached Unit 2,450 34.8% 24,347 57.2% 63,721 61.7%1 Attached Unit 1,838 26.1% 6,163 14.5% 12,717 12.3%2 to 4 Units 433 6.1% 1,348 3.2% 4,277 4.1%5 to 9 Units 643 9.1% 3,079 7.2% 6,584 6.4%10 to 19 Units 901 12.8% 2,345 5.5% 4,410 4.3%20 to 49 Units 220 3.1% 1,480 3.5% 2,248 2.2%50 or More Units 531 7.5% 2,338 5.5% 4,217 4.1%Mobile Home or Trailer 32 0.4% 1,474 3.5% 5,065 4.9%Other Structure - - 1 - 1 -

Homes Built By Year (2010)Homes Built 2005 or later 298 4.2% 1,940 4.6% 4,515 4.4%Homes Built 2000 to 2004 758 10.8% 4,192 9.8% 9,881 9.6%Homes Built 1990 to 1999 1,449 20.6% 8,505 20.0% 17,851 17.3%Homes Built 1980 to 1989 1,795 25.5% 9,548 22.4% 16,059 15.6%Homes Built 1970 to 1979 1,536 21.8% 9,174 21.5% 19,634 19.0%Homes Built 1960 to 1969 345 4.9% 3,027 7.1% 14,065 13.6%Homes Built 1950 to 1959 368 5.2% 3,002 7.1% 10,886 10.5%Homes Built Before 1949 498 7.1% 3,187 7.5% 10,349 10.0%

Home Values (2010)Home Values $1,000,000 or More 21 0.5% 115 0.4% 333 0.4%Home Values $500,000 to $999,999 39 0.8% 438 1.4% 990 1.3%Home Values $400,000 to $499,999 41 0.9% 389 1.2% 966 1.2%Home Values $300,000 to $399,999 182 4.0% 1,923 6.0% 4,504 5.7%Home Values $200,000 to $299,999 740 16.2% 6,869 21.6% 15,072 19.2%Home Values $150,000 to $199,999 1,164 25.5% 7,476 23.5% 17,262 22.0%Home Values $100,000 to $149,999 1,189 26.0% 6,065 19.1% 15,430 19.7%Home Values $70,000 to $99,999 593 13.0% 3,415 10.7% 9,192 11.7%Home Values $50,000 to $69,999 214 4.7% 1,664 5.2% 4,742 6.0%Home Values $25,000 to $49,999 201 4.4% 1,467 4.6% 4,613 5.9%Home Values Under $25,000 182 4.0% 2,010 6.3% 5,345 6.8%Owner-Occupied Median Home Value $149,273 $158,501 $150,172Renter-Occupied Median Rent $699 $675 $645

Transportation To Work (2010)Drive to Work Alone 5,621 87.8% 41,739 88.7% 99,879 87.9%Drive to Work in Carpool 415 6.5% 3,177 6.8% 8,371 7.4%Travel to Work by Public Transportation 56 0.9% 230 0.5% 823 0.7%Drive to Work on Motorcycle - - - - 28 - Walk or Bicycle to Work 143 2.2% 500 1.1% 1,268 1.1%Other Means 12 0.2% 224 0.5% 417 0.4%Work at Home 153 2.4% 1,185 2.5% 2,820 2.5%

Travel Time (2010)Travel to Work in 14 Minutes or Less 1,574 25.2% 11,126 24.3% 24,448 22.1%Travel to Work in 15 to 29 Minutes 2,149 34.4% 15,798 34.4% 39,929 36.0%Travel to Work in 30 to 59 Minutes 1,954 31.3% 15,465 33.7% 38,297 34.6%Travel to Work in 60 Minutes or More 569 9.1% 3,481 7.6% 8,112 7.3%Average Minutes Travel to Work 23.3 24.2 24.6

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