Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in Walgreens located at 2985 Crooks Rd, Rochester Hills, MI. The property is situated on 2.09 acres of land and contains 14,820 square feet of net leasable area. Walgreens is subject to an absolute triple-net lease, with a primary lease term expiring in July 2030. Walgreens has 10 five-year extension options. Rochester Hills is a suburb of Detroit with a population of 74,206. It is the 15th largest city in Michigan and is one of the best places to live in the state. Living in Rochester Hills offers residents a sparse suburban feel and most residents own their homes. In Rochester Hills there are a lot of restaurants, coffee shops, and parks. Many families and young professionals live in Rochester Hills. The public schools in Rochester Hills are highly rated. Founded in 1901, Walgreen Company or simply Walgreens is the first global pharmacy-led, health and well being enterprise in the world. Walgreens operates over 9,000 retail locations throughout the United States and employs more than 230,000 people. The company specializes in filling prescriptions, health and wellness products, health information and photo services.