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26000 Five Mile Rd
Redford Township, MI 48239
Walgreen's · Retail Property For Sale
Investment Highlights
- DENSE, ESTABLISHED SUBURBAN LOCATION - This Walgreens benefits from a dense residential population exceeding 280,000 within a five-mile radius
- STRONG COMMUTER & NEIGHBORHOOD TRAFFIC FLOWS - The 5 Mile corridor functions as a major suburban arterial linking residential neighborhoods
- ABSOLUTE NNN LEASE | STABLE, PASSIVE INCOME - Walgreens operates under an absolute NNN lease with no landlord responsibilities
- EXCELLENT CONNECTIVITY - Strategically positioned along 5 Mile Rd with immediate access to I-96 and Telegraph Rd
- COST-EFFICIENT OPERATIONS | SMALL-FORMAT PROTOTYPE - At 3,000 square feet, this store represents Walgreens’ smaller, high-efficiency prototype
Executive Summary
HIGH-DENSITY METRO DETROIT LOCATION | INNER-RING SUBURBAN CORRIDOR | ABSOLUTE NNN LEASE
TD Commercial Group is pleased to present for sale a Walgreens (Corporate) property located at 26000 5 Mile Rd, Redford, MI, within one of Metro Detroit’s most established suburban corridors. This absolute NNN lease offers investors stable, passive income backed by Walgreens’ long-term occupancy and proven performance in an infill, high-traffic suburban market.
Positioned directly on 5 Mile Rd with immediate access to both I-96 and Telegraph Rd (US-24), this property enjoys exceptional commuter visibility and connectivity to the surrounding submarkets of Southfield, Livonia, and Dearborn Heights. The store serves a densely populated trade area of more than 280,000 residents within five miles, supported by a balanced mix of middle-income and working-class households that drive consistent prescription and convenience spending.
At just 3,000 square feet, this store reflects Walgreens’ efficient, small-format prototype designed for urban and infill locations. The property’s cost-effective footprint and necessity-based retail orientation make it a highly resilient performer, insulated from broader retail volatility. The surrounding corridor features a complementary mix of daily-use retailers—including CVS, AutoZone, Shell, Subway, and McDonald’s—reinforcing strong traffic and customer loyalty.
TD Commercial Group is pleased to present for sale a Walgreens (Corporate) property located at 26000 5 Mile Rd, Redford, MI, within one of Metro Detroit’s most established suburban corridors. This absolute NNN lease offers investors stable, passive income backed by Walgreens’ long-term occupancy and proven performance in an infill, high-traffic suburban market.
Positioned directly on 5 Mile Rd with immediate access to both I-96 and Telegraph Rd (US-24), this property enjoys exceptional commuter visibility and connectivity to the surrounding submarkets of Southfield, Livonia, and Dearborn Heights. The store serves a densely populated trade area of more than 280,000 residents within five miles, supported by a balanced mix of middle-income and working-class households that drive consistent prescription and convenience spending.
At just 3,000 square feet, this store reflects Walgreens’ efficient, small-format prototype designed for urban and infill locations. The property’s cost-effective footprint and necessity-based retail orientation make it a highly resilient performer, insulated from broader retail volatility. The surrounding corridor features a complementary mix of daily-use retailers—including CVS, AutoZone, Shell, Subway, and McDonald’s—reinforcing strong traffic and customer loyalty.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
3,000 SF
Building Class
B
Year Built/Renovated
1961/2022
Price
$1,333,712 CAD
Price Per SF
$444.57 CAD
Cap Rate
7%
NOI
$93,360 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.34 AC
Zoning
C-2
Parking
28 Spaces (9.33 Spaces per 1,000 SF Leased)
Frontage
147’ on 5 Mile Rd
Amenities
- Security System
- Signage
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 79-020-02-0029-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $195,784 CAD |
Property Taxes
Parcel Number
79-020-02-0029-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$195,784 CAD
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