Walgreens

11635 E 13 Mile Rd, Warren, MI

$5,797,818

Price

6.05%

Cap Rate

$350,768.04

NOI

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Street
Map
Overview
Cap Rate
6.05%
NOI
$350,768.04
Building Size
13,836 sqft
Lot Area
1.56 acres
Year Built
2002
Description

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Highlights
  • Absolute NNN Lease w/ No Landlord Obligations
  • Proven Location With 20 Year Operating History & Strong Store Sales
  • Corporate Guarantee Backed Lease from Walgreen Co. Investment Credit (S&P: "BBB")
  • Within 2 Miles of the 710+ Acre GM Tech Center 710+ Acre Campus | Over 21,000 Employees
  • Within 2.5 Miles of Macomb Community College | Current Student Body Exceeds 24,468
  • 54,300+ Traffic Counts | Signalized Intersection of 13 Mile and Hoover Road w/ High Visibility Daily
  • Directly Across From Cousino Highschool | Student Enrollment Exceeds 1,400
  • Affluent Community With Average Household Income: $79,126+ in 1 Mile Radius
  • Dense Residential Infill 5 Mile Population in Excess of 306,504+
Location
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