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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.

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)

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

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.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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