Dense Residential Population | Detroit MSA 13601 W Warren Ave 13,816 SF Retail Building Dearborn, MI 48126 $5,307,525 ($384.16/SF) 8% Cap Rate

We are pleased to market for sale the Walgreens property located at 13601 West Warren Avenue, Dearborn, Michigan 48126 (the "Property"). Walgreens has just over three and a half years of guaranteed lease term before the option periods. This lease calls for 5% rental increases every five years with the next rental increase coming in May of 2029.
According to Placer.ai, this Walgreens is one of the highest trafficked locations in Michigan, ranking in the 10% of all stores within the state. The subject property benefits from its position on the signalized hard corner of Schafer Road and Warren Avenue, with a combined daily traffic count of 46,091 vehicles per day. Additionally, this Walgreens is positioned in close proximity to the I-94 interstate which connects Dearborn to Detroit and sees over 131,000 vehicles per day.
The surrounding area is densely populated with over 154,000 residents and 51,000 households within a 3-mile radius. Ford Global Headquarters is located about 4 miles southwest and includes a new 2.1 million square foot building which will be home to 14,000 employees.
Listed in association with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, MI DRE Lic. #6502428679.