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Walgreens

$2,107,692

20030 Ecorse Rd, Taylor, MI 48180

Active
Last Updated: 04/23/2025

6.5

Cap Rate

137,000

NOI

Details:
Cap Rate:    6.5%
NOI:    $137,000
Building Size:    14,490 sqft
Lot Area:    1.62 acres
Year Built:    2001
Floors:    1
Highlights:
  • Rare $9.45 Rent PSF. Lowest Rent Walgreens Available in Wayne County Michigan - 1%+/- Rent to Sales Ratio - Primary Market Taylor, Michigan
  • True Fundamental Covered Land Play - 1.62 Acre (Main on Main Corner), 14,490 SF All Brick 2001 Construction Building
  • Generational Location - Recent 10-Year Lease Extension with 8 Years Remaining in Term
  • Five (5), 5-Year Options Available W/ a One Time 24% Increase in the Options
  • Strong Credit Tenant with S&P BBB Credit
  • Long-Term Commitment to the Site with Over 20 Years at this Location
  • Situated at the Signalized Intersection of Ecorse Road (24,000+ VPD) and Pelham Road (24,100+ VPD)
  • This Location Features a Drive Thru with Ample Parking
  • Surrounded by National Retailers Including Advance Auto Parts, Burger King, Dollar Tree, Kroger, McDonald's, Taco Bell and Wendy's
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