Walgreens - Warren MI - New 10 yr NNN Lease
$4,343,573
11635 East Thirteen Mile Road, Warren, MI 48093
For Sale
Retail
Free Standing
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.
Documents:
| Title | ||
|---|---|---|
|
Walgreens_-_Warren__MI._Encore_MP_2024.pdf
|
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
