Drug Store
Walgreens
2985 Crooks Rd, Rochester Hills, MI 48309
Listing Price: $6,476,190
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.
Investment Highlights
- Investment Grade Tenant –S&P Rated BBB
- Absolute NNN Lease –Zero Landlord Obligations
- Over Eight Years of Primary Lease Term Remaining
- Average Household Income of $100k+ Within One-Mile Radius
- Hard Corner Signalized Intersection – Traffic of 47,000+ Vehicles Per Day
- Nearest Walgreens is Over Three Miles Away
- Oversized 2.09 Acre Parcel With Ample On-Site Parking
- Dense Population of 60,000+ Within Three Mile Radius
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
Listing Price: $6,476,190
Investment Highlights
- Investment Grade Tenant –S&P Rated BBB
- Absolute NNN Lease –Zero Landlord Obligations
- Over Eight Years of Primary Lease Term Remaining
- Average Household Income of $100k+ Within One-Mile Radius
- Hard Corner Signalized Intersection – Traffic of 47,000+ Vehicles Per Day
- Nearest Walgreens is Over Three Miles Away
- Oversized 2.09 Acre Parcel With Ample On-Site Parking
- Dense Population of 60,000+ Within Three Mile Radius
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.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By

