Walgreens Detroit MSA 9 CAP Rental Increases 9100 Telegraph Rd 14,490 SF Retail Building Taylor, MI 48180 $6,667,597 CAD ($460.15 CAD/SF) 9% Cap Rate

Pharma Property Group is pleased to market for sale the Walgreens property located at 9100 Telegraph Road in Taylor, Michigan (“The Property”). Walgreens has approximately 4 years of firm term remaining on an absolute NNN lease with 5% rental increases every 5 years through 2049. The next 5% increase comes in May of 2029.
The property is strategically located as the closest Walgreens and national chain drugstore to Beaumont Hospital, a 148-bed facility with over 1,094 employees, one block to the south. In addition to the medical facilities, the Property benefits from over 2.3 million square feet of retail, and 5.9 million square feet of industrial space, in a 2-mile radius.
Recently the Rite Aid across the street from the Property shuttered its operations leaving the Subject Property as the only free-standing national chain drugstore in a 2-mile radius. With over 2,400 multifamily units within 2 miles, the Property benefits from the added customer base.
The Property is located 3 miles from Detroit Metropolitan Airport, Michigan's busiest airport, serving over 36.7 million passengers annually and offering over 1,100 flights daily.
Additionally, Walgreens is positioned on the signalized hard corner of Telegraph Road/U.S. Route 24 with over 65,000 vehicles per day and serves as a main north/south thoroughfare and a major arterial heading south from Detroit to Toledo, Ohio, and eventually to Fort Wayne, Indiana.

Listed in association with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, MI DRE Lic. #6502428679.