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Walgreens - South Lyon, MI 22318 Pontiac Trl 14,820 SF Retail Building South Lyon, MI 48178 $7,119,192 CAD ($480.38 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Through February 2033 - Leased Directly to Walgreens (NASDAQ: WBA) Under a True Absolute Triple Net Structure
- Established Performing Location - Long-standing store (18 Years) With Continued Tenant Performance and Presence
- Thriving Retail Corridor - Positioned Near Top-Performing Retailers Such as Meijer, CVS, McDonald’s, Kroger, and Dollar Tree, Creating Cross-Traffic
- Corporate Guarantee - Backed By Walgreens Boots Alliance, a Fortune 500 Company With Over 8,500 Locations Nationwide
- Highly Visible South Lyon Site - Strategically Located Along Pontiac Trail, a Key Commuter and Commercial Corridor With Strong Daily Traffic Volumes
- Dense and Affluent Suburban Demographics - Over 44,000 Residents Within a 5-Mile Radius and an Average Household Income Exceeding $120,000
EXECUTIVE SUMMARY
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
PROPERTY FACTS
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 14,820 SF
- $38.41 CAD
- Triple Net
- Jan 2033
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 14,820 SF | $38.41 CAD | Triple Net | Jan 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-32-100-066 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,808,973 CAD |
PROPERTY TAXES
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Walgreens - South Lyon, MI | 22318 Pontiac Trl
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