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Walgreens - Warren MI - New 10 yr NNN Lease

$4,343,573

11635 East Thirteen Mile Road, Warren, MI 48093

Active
Last Updated: 03/17/2025

7.5

Cap Rate

325,768

NOI

Details:
Cap Rate:    7.5%
NOI:    $325,768
Building Size:    13,836 sqft
Lot Area:    1.56 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2002
Price Per Sqft:    $313.93
Investment Strategy:    Core
Highlights:
  • Absolute NNN Lease w/ No Landlord Obligations
  • Proven Location With 20 Year Operating History & Strong Store Sales
  • New 10 Year Lease
  • Corporate Guarantee Backed Lease from Walgreen Co.
  • Within 2 Miles of the 710+ Acre GM Tech Center 710+ Acre Campus | Over 21,000 Employees
  • Directly Across From Cousino Highschool | Student Enrollment Exceeds 1,400
  • Dense Residential Infill 5 Mile Population in Excess of 306,504+
Description:

This is a free standing Walgreens prototypical Walgreens property equipped with drive thru. The location is located at the signalized intersection of 13 Mile Road & Hoover Road seeing over 54,000 VPD. Walgreens has operated successfully since the building was built in 202 and has agreed to a new 10 year lease showing commitment to the market.

Map:
Documents:
Title
Walgreens_-_Warren__MI._Encore_MP_2024.pdf
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