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