Commercial Real Estate Services

www.friedmanrealestate.com 248.324.2000

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    For Sale

    Walgreens Michigan Portfolio

    Southfield, Taylor, Flushing
    Saginaw, St. Joseph, Michigan
    For Sale

    Walgreens Michigan Portfolio

    Southfield, Taylor, Flushing
    Saginaw, St. Joseph, Michigan

    - Property Information

    eCODE 723
    County: Multiple
    Property Type: NNN Investment, Retail
    Sale Price: $
    Sale Price Per SF: $23,000,000.00

    - Additional Information

    • 5 Michigan Walgreens stores
    • Motivated Seller!
    • NNN leases with minimal landlord responsibilities
    • All stores feature two-lane drive-thru pharmacies and are situated on large hard corner lots
    • Heavy traffic volumes; strategically located near major retail corridors, medical centers, airports, and hospitals
    • +- 4 years of guaranteed term remaining + options through 2061
    • In-Place NOI: $2,069,500 + additional percentage rent (not factored into the sale price)
    • Asking Price: $23,000,000 (9.00% Cap)

    - For more information, contact:

    Steven Silverman

    248.324.2000 Request a call