Drug Store
Walgreens
140 S Milford Rd, Milford Charter Township, MI 48381
Listing Price: $6,818,000
Cap Rate
5.50%
Tenant Name
Walgreens
Years Remaining On Lease
9.8
Gross SF
14,820
Guarantor
No Guarantee
Rentable SF
14,820
Price/Gross SF
$460.05
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.30
Investment Overview
Walgreens Absolute Triple-Net (NNN) Lease with 10 Years Remaining. Absolute Triple-Net (NNN) Lease – Zero Landlord Responsibilities.
Walgreens
Investment Highlights
- Walgreens Absolute Triple-Net (NNN) Lease with 10 Years Remaining
- Affluent Detroit Suburb – $124,000 Average Household Income in a Three to Five Mile Radius
- 30,000 Cars per Day at Neighboring Signalized Intersection – Both Major Commuter Roads to the GM Proving Ground Campus 2.5 Miles West
- GM Proving Ground/Milford Campus – In Operation Since 1924, 4,000-Acres, 142 Buildings, 4,800 Employees
- Located Between Starbucks & McDonald's; Area Retailers Include Kroger, Planet Fitness, Dollar Tree, O'Reilly, Taco Bell, Tim Hortons, & More
- 14,280 Square-Feet, 2007-Built All-Brick Building with Double-Drive Through on Large Two Acre Lot
- S. Milford Road (20,000 Cars per Day) Connects to I-96 Exit Ramps (Four Miles South)
Listing Price: $6,818,000
Cap Rate
5.50%
Tenant Name
Walgreens
Years Remaining On Lease
9.8
Gross SF
14,820
Guarantor
No Guarantee
Rentable SF
14,820
Price/Gross SF
$460.05
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.30
Investment Highlights
- Walgreens Absolute Triple-Net (NNN) Lease with 10 Years Remaining
- Affluent Detroit Suburb – $124,000 Average Household Income in a Three to Five Mile Radius
- 30,000 Cars per Day at Neighboring Signalized Intersection – Both Major Commuter Roads to the GM Proving Ground Campus 2.5 Miles West
- GM Proving Ground/Milford Campus – In Operation Since 1924, 4,000-Acres, 142 Buildings, 4,800 Employees
- Located Between Starbucks & McDonald's; Area Retailers Include Kroger, Planet Fitness, Dollar Tree, O'Reilly, Taco Bell, Tim Hortons, & More
- 14,280 Square-Feet, 2007-Built All-Brick Building with Double-Drive Through on Large Two Acre Lot
- S. Milford Road (20,000 Cars per Day) Connects to I-96 Exit Ramps (Four Miles South)
Investment Overview
Walgreens Absolute Triple-Net (NNN) Lease with 10 Years Remaining. Absolute Triple-Net (NNN) Lease – Zero Landlord Responsibilities.
