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Drug Store

Walgreens | Top Performing Location | Brand-New 15 Yr. Abs. NNN | 5% Increases | Metro Detroit, MI

3221 Fort St, Wyandotte, MI 48192

Listing Price: $4,337,560

Cap Rate
6.15%
Tenant Name
Walgreens
Years Remaining On Lease
15.1
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$292.68
Lease Type
Absolute Net
Rent Per Square Feet
$18.00

Investment Overview

Marcus & Millichap is pleased to bring to market Walgreens located in Wyandotte, Michigan (Detroit Metro Area).

Investment Highlights

  • Brand-New 15 Year Absolute Net Lease | No Landlord Responsibilities | Corporately Guaranteed
  • Five Percent Rental Increases Every Five-Years in the Base Term and in Each of 12, Five-Year Renewal Options
  • A Top Performing Walgreens Location with Reported Store Sales of $3.7 Million
  • Located On a Hard, Signalized Corner Seeing Over 50,000 Combined Vehicles per Day | High Visibility with Two Points of Ingress/Egress and a Dedicated Turn Lane into the Adjoining Shopping Center
  • Situated in a Dense Retail Corridor Near Multiple National Tenants Such as Kroger, Meijer, Aldi, Family Dollar, Planet Fitness, Big Lots, Harbor Freight, Advance Auto, Super Cuts, Chili's, Buffalo Wild Wings, and More
  • Two Miles from Henry Ford Wyandotte Hospital, a Major 360 Bed Medical Center in the Area | 15 Miles from Downtown Detroit
  • Strong Demographics: Population of Over 200,000 Residents, Over 83,400 Households, and Nearly 162,000 Employees Within Five Miles

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Drug Store

Walgreens | Top Performing Location | Brand-New 15 Yr. Abs. NNN | 5% Increases | Metro Detroit, MI

Listing Price: $4,337,560

Cap Rate
6.15%
Tenant Name
Walgreens
Years Remaining On Lease
15.1
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$292.68
Lease Type
Absolute Net
Rent Per Square Feet
$18.00

Investment Highlights

  • Brand-New 15 Year Absolute Net Lease | No Landlord Responsibilities | Corporately Guaranteed
  • Five Percent Rental Increases Every Five-Years in the Base Term and in Each of 12, Five-Year Renewal Options
  • A Top Performing Walgreens Location with Reported Store Sales of $3.7 Million
  • Located On a Hard, Signalized Corner Seeing Over 50,000 Combined Vehicles per Day | High Visibility with Two Points of Ingress/Egress and a Dedicated Turn Lane into the Adjoining Shopping Center
  • Situated in a Dense Retail Corridor Near Multiple National Tenants Such as Kroger, Meijer, Aldi, Family Dollar, Planet Fitness, Big Lots, Harbor Freight, Advance Auto, Super Cuts, Chili's, Buffalo Wild Wings, and More
  • Two Miles from Henry Ford Wyandotte Hospital, a Major 360 Bed Medical Center in the Area | 15 Miles from Downtown Detroit
  • Strong Demographics: Population of Over 200,000 Residents, Over 83,400 Households, and Nearly 162,000 Employees Within Five Miles

Investment Overview

Marcus & Millichap is pleased to bring to market Walgreens located in Wyandotte, Michigan (Detroit Metro Area).

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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