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15840 W 12 Mile Rd
Southfield, MI 48076
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- DENSE, AFFLUENT SUBURBAN MARKET - Located in Southfield, MI, this Walgreens serves one of Metro Detroit’s most established inner-ring suburbs
- PRIME VISIBILITY ON 12 MILE ROAD - Strategically positioned along the 12 Mile Rd corridor , the site enjoys strong commuter and retail traffic
- LARGER 9,400 SF PROTOTYPE - At 9,400 square feet, this Walgreens exceeds the size of many newer stores, providing expanded sales diversity
- HEALTHCARE-DRIVEN DEMAND - The property benefits from proximity to major healthcare anchors, including Corewell Health Beaumont Hospital (1,100+ beds)
- REGIONAL CONNECTIVITY | I-696 & I-75 ACCESS - Less than one mile from I-696 and with direct connectivity to I-75, providing ease of access
EXECUTIVE SUMMARY
BRAND NEW 2023 WALGREENS | METRO DETROIT HEALTHCARE CORRIDOR | AFFLUENT INNER-RING SUBURB
TD Commercial Group is pleased to present for sale a corporate Walgreens located at 15840 W 12 Mile Rd, Southfield, MI, in one of Metro Detroit’s most established and affluent suburban corridors. This absolute NNN lease provides investors a truly passive, long-term income stream backed by Walgreens corporate credit and anchored by enduring healthcare-driven demand.
Strategically positioned along 12 Mile Rd, one of Metro Detroit’s most established suburban arterials, the property benefits from excellent visibility, commuter accessibility, and adjacency to major healthcare, retail, and service nodes. The site sits less than one mile from I-696 with direct access to I-75, connecting Southfield, Royal Oak, and Birmingham.
The store is ideally situated between Corewell Health Beaumont Hospital (1,100+ beds) and Ascension Providence Hospital, creating an exceptionally strong prescription demand base fueled by healthcare traffic, discharges, and senior care services. The trade area’s affluent demographic profile—with more than 295,000 residents and average household incomes exceeding $100,000 within five miles—supports robust front-end sales and consistent long-term performance.
TD Commercial Group is pleased to present for sale a corporate Walgreens located at 15840 W 12 Mile Rd, Southfield, MI, in one of Metro Detroit’s most established and affluent suburban corridors. This absolute NNN lease provides investors a truly passive, long-term income stream backed by Walgreens corporate credit and anchored by enduring healthcare-driven demand.
Strategically positioned along 12 Mile Rd, one of Metro Detroit’s most established suburban arterials, the property benefits from excellent visibility, commuter accessibility, and adjacency to major healthcare, retail, and service nodes. The site sits less than one mile from I-696 with direct access to I-75, connecting Southfield, Royal Oak, and Birmingham.
The store is ideally situated between Corewell Health Beaumont Hospital (1,100+ beds) and Ascension Providence Hospital, creating an exceptionally strong prescription demand base fueled by healthcare traffic, discharges, and senior care services. The trade area’s affluent demographic profile—with more than 295,000 residents and average household incomes exceeding $100,000 within five miles—supports robust front-end sales and consistent long-term performance.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,400 SF
Year Built
2023
NOI
$456,865 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.25 AC
AMENITIES
- Air Conditioning
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